Track BBeginner
Understanding Tax
How income tax and social contributions actually work, in plain English.
9 lessons · 0 completed
- 1. How income tax works 7 min read
- 2. Tax bands and marginal rates 6 min read
- 3. Allowances, reliefs and tax-free amounts 6 min read
- 4. National Insurance and social contributions 6 min read
- 5. Tax codes, errors and refunds 6 min read
- 6. Why we pay tax (and where it goes) 4 min read
- 7. PAYE vs self-assessment — two ways tax gets paid 5 min read
- 8. Tax on overtime, bonuses and side income 5 min read
- 9. Staying on top of your tax 5 min read
End-of-track exam
Ten questions drawn from the whole track. You need 70% to pass, and you can retake it as often as you like.
Take the examTip: finish the lessons first — the exam covers all of them.
mySal Academy is financial education, not financial advice. It explains how things work in general terms — it can't recommend products, investments or what you personally should do. For advice about your own situation, speak to a qualified adviser or your local tax authority.