Income Tax Rates 2024/25 Uk. 0% tax on earnings up to £12,570 basic rate: £12,570 of your £50,000 is tax free, the remaining £37,430 falls within the basic rate tax band and is charged at 20pc.

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. Income tax rates (individuals uk) 2024/25 2023/24 starting rate for savings income only (1) up to £5,000 up to £5,000 0% basic rate up to £37,700 up to.