Income Tax Brackets 2024 Uk. £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 giving you. 20% tax on earnings between £12,571 and £50,270 higher rate:.


Income Tax Brackets 2024 Uk

0% tax on earnings up to £12,570 basic rate: Rates, allowances for income tax have been updated for the tax year 2023 to 2024.

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