Aura Melita

Income Tax Threshold 2025/25. Similarly, the threshold for basic and higher rate tax bands will not change. The individual has total income of £35,000 and is therefore a basic rate taxpayer.

A taxpayer with a salary of £50,270 in 2024/25 will pay approximately £7,540 in income tax. Based on the standard tax free allowance for this year of £12,570, if you pay your employee £242 or more you must now also deduct tax from your employee.