Income Tax Rates and Allowances for 2024/25 (UK)

April 26th, 2024

The new tax year started on April 6th, 2024. Here's a breakdown of income tax rates and allowances for residents across the UK:

Income Tax Rates

England, Northern Ireland & Wales:



Band of Taxable Income

Basic Rate 20% £1 to £37,700
Higher Rate 40% £37,701 to £125,140
Additional Rate 45% Over £125,140




Band of Taxable Income

Starter Rate 19% Over £12,571 to £14,876
Scottish Basic Rate 20% Over £14,877 to £26,561
Intermediate Rate 21% Over £26,562 to £43,662
Higher Rate 42% Over £43,663 to £75,000
Advanced Rate 45% Over £75,001 to £125,140
Top Rate 48% Above £125,140

Personal Allowances (Applies to all UK):

Other Allowances (Applies to all UK):

Capital Gains Tax (Applies to all UK):

Remember: This is a general overview. It's always best to consult with a tax advisor for personalised advice based on your specific circumstances.