Question 1

How much income tax will I pay in 2024/25?

Accepted Answer

For 2024/25, you pay 20% basic rate on income between £12,570-£50,270, then 40% higher rate up to £125,140. Scotland has different rates with 19% starter rate, 20% basic rate, 21% intermediate rate, and 42% higher rate. Use our calculator for exact amounts.

Question 2

What is the personal allowance for 2024/25?

Accepted Answer

The personal allowance for 2024/25 is £12,570. This means you don't pay income tax on the first £12,570 of your income. The allowance reduces by £1 for every £2 earned over £100,000.

Question 3

How do I calculate my take-home pay?

Accepted Answer

Take-home pay = Gross income - Income tax - National Insurance - Student loan repayments - Pension contributions. Our calculator shows the exact breakdown including all deductions and your final take-home amount.

Question 4

What are the UK tax bands for 2024/25?

Accepted Answer

UK 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 £125,141+ (45%). Scotland has different rates and bands.

UK Personal Income Tax Calculator