UK Tax Rates 2024/25
The 2024/25 tax year runs from 6 April 2024 to 5 April 2025. These are the figures our calculators use for that year.
Tax year 2026/27 · Estimates, not personal tax advice
Personal Allowance
| Allowance | Amount |
|---|---|
| Personal Allowance | £12,570 |
| Income limit for full allowance | £100,000 |
| Marriage Allowance transfer | £1,260 |
The allowance falls by £1 for every £2 of adjusted net income above £100,000.
Income Tax: England, Wales and Northern Ireland
| 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% |
Scottish Income Tax
| Band | Income | Rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Starter rate | £12,571 to £14,876 | 19% |
| Basic rate | £14,877 to £26,561 | 20% |
| Intermediate rate | £26,562 to £43,662 | 21% |
| Higher rate | £43,663 to £75,000 | 42% |
| Advanced rate | £75,001 to £125,140 | 45% |
| Top rate | over £125,140 | 48% |
National Insurance
| Class / threshold | Annual amount | Rate |
|---|---|---|
| Employee: Primary Threshold to UEL | £12,570 – £50,270 | 8% |
| Employee: above Upper Earnings Limit | over £50,270 | 2% |
| Employer: above Secondary Threshold | over £9,100 | 13.8% |
| Self-employed Class 4 (main) | £12,570 – £50,270 | 6% |
| Self-employed Class 4 (additional) | over £50,270 | 2% |
Student loan repayment thresholds
| Plan | Annual threshold | Rate |
|---|---|---|
| Plan 1 | £24,990 | 9% |
| Plan 2 | £27,295 | 9% |
| Plan 4 (Scotland) | £31,395 | 9% |
| Plan 5 | Not yet repaying | 9% |
| Postgraduate Loan | £21,000 | 6% |
Dividend tax
| Band | Rate |
|---|---|
| Dividend allowance | £500 at 0% |
| Ordinary (basic) rate | 8.75% |
| Upper (higher) rate | 33.75% |
| Additional rate | 39.35% |
Capital Gains Tax
| Item | Amount |
|---|---|
| Annual exempt amount | £3,000 |
| Rate within basic rate band | 18% |
| Higher rate | 24% |
Corporation Tax
| Profits | Rate |
|---|---|
| Up to £50,000 | 19% |
| £50,000 – £250,000 | 25% less marginal relief |
| Over £250,000 | 25% |
Other allowances
| Allowance | Amount |
|---|---|
| Personal Savings Allowance (basic / higher) | £1,000 / £500 |
| Starting rate for savings | Up to £5,000 |
| Pension annual allowance | £60,000 |
| Electric company car BIK | 2% |
| Inheritance Tax nil-rate band | £325,000 |
| Residence nil-rate band | £175,000 |
Notes for 2024/25
- CGT main rates changed to 18% and 24% part-way through the year (30 October 2024). This calculator uses the post-change rates.
Putting the 2024/25 tables in context
These figures belong to the period from 6 April 2024 to 5 April 2025. When comparing another year, check both the percentage and the amount of income it applies to: unchanged rates do not necessarily mean unchanged deductions.
Separate earnings from other income
Income Tax, National Insurance and dividend tax are separate calculations. A band used for salary should not be applied to every receipt indiscriminately. Choose the table for the income type, and use the linked calculator for a breakdown rather than treating a single rate as your overall deduction.
Official sources
- Income Tax rates and Personal Allowances
- Income Tax rates and allowances: current and past
- Scottish Income Tax
- Welsh Income Tax
- National Insurance rates and categories
- Rates and thresholds for employers
- Repaying your student loan
- Tax on dividends
- Capital Gains Tax rates and allowances
- Corporation Tax rates and reliefs
- Self-employed National Insurance rates