IE
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The portion of income taxed at the standard 20% Income Tax rate.
Income up to your Standard Rate Cut-Off Point (SRCO) is generally taxed at 20%. Income above that threshold is generally taxed at 40%. The SRCO depends on your personal circumstances and the tax year.
This definition is for informational purposes only and does not constitute tax, legal, or financial advice. Rules may change and outcomes depend on your circumstances.