What Tax Bracket Am I In 2024 Uk. Incomes below the current personal allowance (pa) of £12,570 are not taxed. Hunt also made permanent a tax break for businesses that allows.
Anything you earn between £12,571 to £50,270 per year, is taxed within the 20% basic rate tax bracket. Say you earn £40,000 per year, to work out your income tax contributions you do: