Income TaxAug 10, 2025
What are the UK income tax bands and rates for 2024/25?
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For the 2024/25 tax year (6 April 2024 to 5 April 2025), the UK income tax bands and rates for England, Wales, and Northern Ireland are as follows:
| Band | Taxable Income | Rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £125,140 | 40% |
| Additional rate | Over £125,140 | 45% |
Key points to understand:
- The Personal Allowance of £12,570 means you pay no income tax on the first £12,570 you earn.
- The basic rate band of 20% applies to earnings between £12,571 and £50,270.
- The higher rate of 40% applies to earnings from £50,271 up to £125,140.
- The additional rate of 45% applies to any income above £125,140.
These bands apply to most types of income, including employment income, pension income, and profits from self-employment. However, savings and dividend income have their own allowances and rates.
Scotland has different income tax rates and bands, with a starter rate of 19%, a basic rate of 20%, an intermediate rate of 21%, a higher rate of 42%, an advanced rate of 45%, and a top rate of 48%. If you live in Scotland, you will see an "S" prefix on your tax code.
Sources
income-taxtax-bandstax-rates2024-25UK
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Disclaimer: This information is for general educational purposes and is not professional tax advice. Tax situations vary. Consult a qualified tax professional for advice specific to your circumstances.