INCOME TAX 24/25 23/24 Main personal allowances and reliefs Personal allowance* £12,570 £12,570 Marriage/civil partners’ transferable allowance £1,260 £1,260 Married couple’s/civil partners’ allowance at 10%† – max £11,080 £10,375 (if at least one born before 6/4/35) – min £4,280 £4,010 Blind person’s allowance £3,070 £2,870 Rent-a-room relief £7,500 £7,500 Property allowance and trading allowance (each) £1,000 £1,000 *Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000 †Married couple’s/civil partners’ allowance reduced by £1 for every £2 of adjusted net income over £37,000 (£34,600 for 23/24), until minimum reached UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income 20% basic rate on taxable income up to £37,700 £37,700 40% higher rate on next slice of income over £37,700 £37,700 45% additional rate on income over £125,140 £125,140 Scottish taxpayers – non-dividend, non-savings income 19% starter rate on taxable income up to £2,306 £2,162 20% basic rate on next slice up to £13,991 £13,118 21% intermediate rate on next slice up to £31,092 £31,092 42% higher rate on next slice up to £62,430 £125,140 45% advanced rate on next slice up to £125,140 N/A 48% (47% for 23/24) top rate on income over £125,140 £125,140 All UK taxpayers Starting rate at 0% on band of savings income up to** £5,000 £5,000 Personal savings allowance at 0%: Basic rate £1,000 £1,000 Higher rate £500 £500 Additional rate £0 £0 Dividend allowance at 0%: All individuals £500 £1,000 Tax rates on dividend income: Basic rate 8.75% 8.75% Higher rate 33.75% 33.75% Additional rate 39.35% 39.35% Trusts: Income exemption generally £500 N/A Standard rate band generally N/A £1,000 Rate applicable to trusts: Dividends 39.35% 39.35% Other income 45% 45% **Not available if taxable non-savings income exceeds the starting rate band High Income Child Benefit Charge 1% of benefit per £200 (£100 23/24) of adjusted net income between £60,000–£80,000 (£50,000–£60,000 23/24)
RkJQdWJsaXNoZXIy MjM4MA==