What Tax Bracket Am I In 2024 Uk. After that, the basic rate of 20% income tax is levied on earnings between £12,571 to £50,270, the higher rate of 40% is for earnings between £50,271 to £150,000, and the additional rate of 45% is for any. Uk income tax rates and brackets for 2024/25.

The 2023/24 income tax rates for scotland are: The government is also increasing the income threshold at which hicbc starts to be charged from £50,000 to £60,000 from april 2024.