Tax Brackets 2024 Explained Uk. The changes made at autumn statement 2023 and spring budget 2024 mean that for single individuals on average salaries, personal taxes would be lower in the uk than every. Here’s a handy round up of the key tax brackets and allowances for the current tax year (2023/24).

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 *. But do you really understand how income tax bands work and how they apply to your earnings?