What are the UK income tax bands for 2024/25?

Personal allowance £0–£12,570 (0%), basic rate £12,571–£50,270 (20%), higher rate £50,271–£125,140 (40%), additional rate above £125,140 (45%).

Does the UK personal allowance reduce for high earners?

Yes. The £12,570 personal allowance reduces by £1 for every £2 over £100,000, reaching zero at £125,140.

UK Income Tax Calculator 2024/25

Calculate UK income tax for 2024/25 with current HMRC bands: 0% personal allowance up to £12,570; 20% basic rate £12,571–£50,270; 40% higher rate £50,271–£125,140; 45% additional rate above £125,140. Includes Scottish rate comparison.

Principal ($)

Annual Rate (%)

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Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate UK income tax for 2024/25 with current HMRC bands: 0% personal allowance up to £12,570; 20% basic rate £12,571–£50,270; 40% higher rate £50,271–£125,140; 45% additional rate above £125,140. Includes Scottish rate comparison. Use the uk income tax 2024 result to inform your calculation.

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Frequently Asked Questions

What are the UK income tax bands for 2024/25?

Does the UK personal allowance reduce for high earners?