You won’t pay any tax or national. This means that you won’t pay any income tax on the first £12,570 of your taxable income.
The following rates are for the 2024 to 2025 tax year and the previous 3 years. With the new financial year set to begin on april 6th, 2023, several tax rates are set to change.
Richard Tice, The Reform Chairman, And Nigel Farage, The Party's Leader, Will Call For The Income Tax Starting Point To Be Lifted From £12,570 To £20,000.
The following rates are for the 2024 to 2025 tax year and the previous 3 years.
The Income Tax Thresholds Regularly Change And Any Changes Are Announced In Either The Chancellor's Autumn Budget Or Their Spring Statement.
The standard personal allowance for 2024/25 is £12,570.
Images References :
The National Insurance Class 1A Rate On Expenses And Benefits For 2024 To 2025.
With the new financial year set to begin on april 6th, 2023, several tax rates are set to change.
The Following Rates Are For The 2024 To 2025 Tax Year And The Previous 3 Years.
The tax and ni rates and thresholds, as well as the national living and minimum wage levels, applicable to earnings taxed under paye have been confirmed.