What Are The Tax Brackets For 2024-25 2024250. Income tax is a tax on money you earn. The table shows the tax rates you pay in each band if you have a standard personal allowance of £12,570.

If you earned £50,000 you’d pay £7,486 in income tax and £2,993 in national. If you’re in doubt as to the suitable course of action we recommend you seek tax advice.