UK Income Tax Rates 2024-25: Personal Allowance, Bands & NI
Complete guide to UK income tax rates for 2024-25, including the ยฃ12,570 personal allowance, basic/higher/additional rates, and National Insurance.
Expert guides on income tax, investments, retirement and personal finance in United Kingdom.
Complete guide to UK income tax rates for 2024-25, including the ยฃ12,570 personal allowance, basic/higher/additional rates, and National Insurance.
Individual Savings Accounts (ISAs) offer tax-free savings and investments. Make the most of your ยฃ20,000 annual allowance.
Class 1 NI was cut to 8% in January 2024. Understand NI thresholds, rates, and how contributions affect your State Pension entitlement.
Pension contributions receive tax relief at your marginal rate. A higher-rate taxpayer saves 40p for every ยฃ1 contributed.
The CGT annual exempt amount was cut to ยฃ3,000 in 2024-25. Residential property gains are taxed at 18%/24% and other assets at 10%/20%.
Missing self-assessment deadlines triggers automatic penalties. Know all key dates: 31 October for paper, 31 January for online.
Use our free calculator to get an instant, detailed estimate.