Tax Brackets 2024/25 Uk

Tax Brackets 2024/25 Uk. If you're in doubt as to the suitable course of action we recommend you seek tax advice. The amount of gross income you can have before your personal allowance is reduced personal allowance is reduced by £1 for every £2 over the limit *.

Tax years run from 6th april one year to 5th april the next. 1 the individual’s personal allowance is reduced where their income is above this limit.