What are the tax brackets self employed and employee UK

 In the UK for the tax year 2024/2025, the income tax rates are as follows:

  1. Personal Allowance (0% tax rate): Up to £12,570.
  2. Basic rate (20% tax rate): Earnings between £12,571 and £50,270.
  3. Higher rate (40% tax rate): Earnings between £50,271 and £125,140.
  4. Additional rate (45% tax rate): Income exceeding £125,140 

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