Skip to content

We count anonymous page and calculator use without cookies. May we also use optional analytics (cookies, masked replay) to improve the service?

About your privacy choices

We use essential storage to keep you signed in, remember work in progress, save your privacy choice and run sign-in bot protection. We use limited cookieless usage counts before you choose. With your permission, optional product analytics help us understand and improve the signed-in service. Account-linked analytics stay off unless you accept. Session replay is disabled on authenticated and client workspace pages; with your permission, anonymous masked replay may run only on queryless public pages. We do not use advertising trackers or sell personal data. Read our privacy policy.

ParaplanAI
Sign in

— Quick reference · provenance

Sources verified for 2024/25

Configuration 2024-25-v1.17; its figures are verified against official sources, verification dated 2026-07-25. The figures are unchanged since configuration 2024-25-v1.16; later versions changed only the source notes. This page reproduces the configuration’s own verification record (the sources each figure was checked against and any qualifier the rates tables cannot hold), without the engineering change notes kept beside it, and with one citation corrected. It restates no figure; the figures are on the 2024/25 rates page and in the machine-readable dataset.

Verified against

This is the configuration’s dated verification record. The figures on the year page are current. One citation is shown corrected here: the bond personal savings allowance recalculation is cited to IPTM3820 alone, which sets out the rule. The machine-readable dataset carries the configuration’s original wording of that citation.

HMRC Income Tax rates 2024-25; FA 2024 (AA £60k, taper floor £10k, MPAA £10k, ART £125,140 retained); IPTM3820; FA 2024 Sch 9 (LSA £268,275, LSDBA £1,073,100); HMRC PTM171000, PTM172000, PTM174700 (FP2016 — LSA £312,500 / LSDBA £1,250,000, stated verbatim on that page); priorSeptemberCPI=6.7% (Sept 2023, ONS series D7G7 dataset MM23) per FA 2004 s.235(3) / PTM053301 DB-PIA opening-value revaluation; dividend rates 8.75%/33.75%/39.35% + £500 allowance (ITTOIA 2005 Part 4 Ch 3, gov.uk/tax-on-dividends; HMRC IPTM3880 deficiency-relief example uses 33.75%/8.75% for 2024-25); trust rate 45% / dividend trust rate 39.35% (ITA 2007 s.9; IPTM3250); HICBC threshold £60,000 / 1% per £200 / 100% at £80,000 (raised from £50,000 / £100 / £60,000 effective 6 April 2024), Child Benefit £25.60 eldest + £16.95 additional weekly (ITEPA 2003 s.681B-H; gov.uk/child-benefit-tax-charge + gov.uk/child-benefit-rates, verified 2026-06-01); trust GBP500 de-minimis - trustees' net income <= GBP500 treated as GBP0, cliff edge above, GBP100 floor per settlement (ITA 2007 s.24B inserted by F(2)A 2023 Sch 2; s.491 standard rate band repealed from 2024-25); employee Class 1 NIC primary threshold GBP12,570 / UEL GBP50,270 / main rate 8% / additional rate 2% (gov.uk/national-insurance-rates-letters; HMRC NIM01001); employer (secondary) Class 1 threshold GBP9,100 / rate 13.8% (gov.uk Rates and thresholds for employers 2024 to 2025; SSCBA 1992 s.9); Tax-Free Childcare GBP2,000/child (GBP4,000 disabled) + GBP100,000 either-parent ANI cliff (gov.uk/tax-free-childcare); funded-hours estimate uses DfE national average funding rate GBP5.88/hr x 15 hrs/wk x 38 wks - a LABELLED ESTIMATE, verified 2026-06-23; CGT (TCGA 1992): cgtRateBasic/cgtRateHigher hold the POST-30-Oct-2024 non-residential rates 18%/24% (FA 2024 / Autumn Budget 2024) — 2024-25 had a mid-year split (pre-30-Oct disposals 10%/20%, on/after 30-Oct 18%/24%), which the wrapper-comparison tool does NOT model: it applies the single post-30-Oct rate pair to the whole year, so a wholly-pre-30-Oct-2024 disposal will OVERSTATE the GIA/ISA CGT drag. The 2024-25 wrapper-comparison UI surfaces this as an on-screen limitation note; Scottish income tax bands: gov.scot Scottish Income Tax 2024-2025: rates and bands

For planning and illustration purposes only. Verify all inputs against source documents. This reference does not constitute financial or tax advice.