New Tax Brackets 2024 Uk. Then, you pay income tax at 20% on the next £37,700 (the portion between £12,571 and £50,270).  — the following rates are for the 2024 to 2025 tax year and the previous 3 years.

The rate you pay depends on the portion of your taxable income that fits into the tax bands. 20% tax on earnings between £12,571 and £50,270.