What Are The Income Tax Brackets For 2024/24

What Are The Income Tax Brackets For 2024/24. Corrected the income tax starting rate for savings for england, northern ireland, wales and scotland to 0%. Starting from 1 july 2024, individual taxpayers will experience a reduction in certain tax rates and an adjustment in tax brackets, as detailed below:

On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. 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 *.