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Income Tax and Personal Allowances 2024

The Income Tax and Personal Allowances for 2024 were set at the 2023 budget. The Income Tax and Personal Allowances are used to calculate the amount of Income tax due in the 2024 to 2025 Tax Year, if you are an employee, your income tax will typically be calculated and deducted from your salary as Pay As You Earn (PAYE) along with your other salary deductions like National Insurance, Company Pension and student loans deductions etc.

Income Tax Rates and Bands
BandTaxable IncomeTax Rate
Personal Allowance Up to £ 12,570.00 0%
Basic rate £ 12,571.00 to £ 50,270.00 20%
Higher rate £ 50,271.00 to £ 150,000.00 40%
Additional rate over£ 150,001.00 45%

Scotland has separate Income Tax Rates and Bands in 2024, your salary calculations will use the Scottish Income Tax Rates and Bands if you live in Scotland. Unlike the rest of the UK which goes directly to central Government, the income tax from Scottish income tax deductions is paid to the Scottish Government.

Income Tax Rates and Bands in Scotland
BandTaxable IncomeTax Rate
Personal Allowance Up to £ 12,570.00 0%
Starter rate £ 12,571.00 to £ 14,732.00 19%
Basic rate £ 14,733.00 to £ 25,688.00 20%
Intermediate rate £ 25,689.00 to £ 43,662.00 21%
Higher rate £ 43,663.00 to £ 125,140.00 42%
Top rate over£ 125,141.00 45%
Dividend rates
8.75% Dividend ordinary rate - for dividends otherwise taxable at the basic rate
33.75% Dividend upper rate - for dividends otherwise taxable at the higher rate
39.35% Dividend additional rate - for dividends otherwise taxable at the additional rate
Savings rates
0% Starting rate for savings
20% Savings basic rate
£ 5,000.00 Starting rate limit for savings
40% Savings higher rate
45% Savings additional rate
Default rates
20% Default basic rate
40% Default higher rate
45% Default additional rate
Special rates for trustees' income
20% Up to 20%, depends on the type of income
45% Trust rate
38.1% Dividend trust rate
Income tax allowances
£ 12,570.00 Personal allowanceNo longer seperate age allowance from 2016
£ 100,000.00 Income limit for personal allowance
£ 28,000.00 Income limit for Married couple's allowance
£ 1,190.00 Marriage allowance
£ 8,445.00 Maximum amount of married couple's allowance
£ 3,260.00 Minimum amount of married couple's allowance
£ 2,390.00 Blind person's allowance
£ 1,000.00 Dividend allowance
£ 1,000.00 Personal savings allowance for basic rate taxpayers
£ 500.00 Personal savings allowance for higher rate taxpayers
Class 1 NICs: Employee and employer rates and thresholds (£ per week)
£ 123.00 Weekly Lower Earnings Limit (LEL)
£ 242.00 Weekly Primary Threshold (PT)
£ 175.00 Weekly Secondary Threshold (ST)
£ 967.00 Weekly Upper Earnings Limit (UEL)
£ 967.00 Weekly Upper Secondary Threshold for under 21s
£ 967.00 Weekly Apprentice Upper Secondary Threshold (AUST) for under 25s
£ 5,000.00 Employment Allowance (annual, per employer)
Employee's (primary) Class 1 contribution rates
0% Below LEL
0% LEL - PT
8% PT- UEL
2% Above UEL
Married woman's reduced rate for (primary) Class 1 contribution rates
5.85% Weekly earnings from between the PT and UEL
2% Weekly earnings from above UEL
Employer's (secondary) Class 1 contribution rates
0% Below ST
13.8% Above ST
Employer's (secondary) Class 1 contribution rates for employees under 21
0% Below UST
13.8% Above UST
Employer's (secondary) Class 1 contribution rates for Apprentices under 25
0% Below AUST
13.8% Above AUST
Class 2 NICs: Self-employed rates and thresholds (£ per week)
£ 6,365.00 Small Profits Threshold (SPT)
0% Below SPT
6% Above SPT
3.5% Special Class 2 rate for share fishermen
5.65% Special Class 2 rate for volunteer development workers
Class 3 NICs: Other rates and thresholds (£ per week)
14.65% Voluntary contributions
Class 4 NICs: Self-employed rates and thresholds (£ per year)
£ 8,632.00 Lower Profits Limit (LPL)
£ 50,000.00 Upper Profits Limit (UPL)
0% Below LPL
9% LPL to UPL
2% Above UPL
Working tax credit
£ 1,960.00 Basic element
£ 2,010.00 Couple and lone parent element
£ 810.00 30 hour element
£ 3,000.00 Disabled worker element
£ 1,290.00 Severe disability element
Childcare element of the working tax credit
£ 9,100.00 Maximum eligible cost for one child
£ 15,600.00 Maximum eligible cost for two or more children
70% Percentage of eligible costs covered
Child tax credit
£ 545.00 Family element
£ 2,780.00 Child element
£ 3,175.00 Disabled child element
£ 1,290.00 Severely disabled child element
Income thresholds and withdrawal rates
£ 6,420.00 Income threshold
41% Withdrawal rate (per cent)
£ 16,105.00 First threshold for those entitled to child tax credit only
£ 2,500.00 Income rise disregard
£ 2,500.00 Income fall disregard
Child benefit
£ 1,076.40 Eldest/only child
£ 712.40 Other children
£ 868.40 Guardians allowance
Tax free savings accounts
£ 20,000.00 Individual Savings Account (ISA) subscription limit
£ 4,128.00 Junior ISA subscription limit
£ 4,128.00 Child Trust Fund (CTF) subscription limit
Fuel benefit and van benefit charge
£ 22,600.00 Car fuel benefit charge multiplier
£ 610.00 Van fuel benefit charge
£ 3,230.00 Van benefit charge
Student Loans
£ 17,494.88 Student Loan, Plan 1, Earning threshold:
9% Student Loan, Plan 1, Rate
£ 20,999.68 Student Loan, Plan 2, Earning threshold:
9% Student Loan, Plan 2, Rate

You can calculate the salary after tax in 2024 using the 2024 Salary Calculator