Tax Brackets For 2024 Income Uk. Incomes below the current personal allowance (pa) of £12,570 are not taxed. The 2023/24 income tax rates for britain are:

The effective personal tax rate is defined as the employee national insurance and income tax paid as a proportion of an. Hmrc estimates the cost of not charging nics (both employers’ and employees’ nic) on pension contributions made by employers was £25.3bn in the year.