{"$schema":"https://schema.org/Dataset","name":"UK pension and tax rates and allowances 2024-25","taxYear":"2024-25","source":{"publisher":"ParaplanAI","url":"https://www.paraplanai.co.uk/rates/2024-25","landing":"https://www.paraplanai.co.uk/rates","configVersion":"2024-25-v1.17","verifiedDate":"2026-07-25","verifiedAgainst":"HMRC Income Tax rates 2024-25; FA 2024 (AA £60k, taper floor £10k, MPAA £10k, ART £125,140 retained); IPTM3820 / HMRC Agent Update 83 (2021); 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cliff edge above, GBP100 floor per settlement (ITA 2007 s.24B inserted by F(2)A 2023 Sch 2; s.491 standard rate band repealed from 2024-25); employee Class 1 NIC primary threshold GBP12,570 / UEL GBP50,270 / main rate 8% / additional rate 2% (gov.uk/national-insurance-rates-letters;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","attribution":"ParaplanAI — UK Pension & Tax Rates (https://www.paraplanai.co.uk/rates)","notes":"Figures are read from the versioned configuration the ParaplanAI calculation engine computes against. verifiedDate is the date recorded for the configuration’s official-source verification; verifiedAgainst lists the sources and any per-item dates (internal engineering notes are omitted). Some configVersions change only the verifiedAgainst notes, so a new configVersion does not by itself mean a figure changed. Money values in GBP; rates in percent. For planning and illustration purposes only; not financial or tax advice."},"units":{"money":"GBP","rates":"percent"},"sections":[{"id":"pension-annual-allowance","heading":"Pension annual allowance","url":"https://www.paraplanai.co.uk/rates/2024-25#pension-annual-allowance","citation":"PTM055100 · PTM057100 · PTM056510 · FA 2004 s.190 & s.235 · PTM053301"},{"id":"lump-sum-allowances","heading":"Lump sum allowances","url":"https://www.paraplanai.co.uk/rates/2024-25#lump-sum-allowances","citation":"FA 2024 Sch 9 · PTM171000 · PTM172000 · PTM174700"},{"id":"income-tax","heading":"Income tax — England, Wales & Northern Ireland","url":"https://www.paraplanai.co.uk/rates/2024-25#income-tax","citation":"ITA 2007 s.10 & s.35 (rates, bands, personal-allowance withdrawal)"},{"id":"scottish-income-tax","heading":"Income tax — Scotland (non-savings)","url":"https://www.paraplanai.co.uk/rates/2024-25#scottish-income-tax","citation":"Scotland Act 2016 s.13; rates set by the Scottish Parliament (gov.scot). ITA 2007 s.35 (personal allowance). Savings, dividends, the personal allowance and its withdrawal are UK-wide."},{"id":"savings-and-dividends","heading":"Savings & dividends","url":"https://www.paraplanai.co.uk/rates/2024-25#savings-and-dividends","citation":"ITA 2007 s.12 & ss.12A–12B (starting rate, PSA) · ITA 2007 s.13A (dividend nil rate)"},{"id":"national-insurance","heading":"National Insurance (Class 1)","url":"https://www.paraplanai.co.uk/rates/2024-25#national-insurance","citation":"SSCBA 1992 s.8 (employee) & s.9 (employer)"},{"id":"child-benefit","heading":"Child Benefit & the High Income Charge","url":"https://www.paraplanai.co.uk/rates/2024-25#child-benefit","citation":"ITEPA 2003 s.681B–681H · SSCBA 1992 s.141"},{"id":"childcare","heading":"Childcare support & the £100k eligibility limit","url":"https://www.paraplanai.co.uk/rates/2024-25#childcare","citation":"Childcare Payments Act 2014 s.1 & Childcare Act 2016 (funded hours)"},{"id":"trusts","heading":"Trusts","url":"https://www.paraplanai.co.uk/rates/2024-25#trusts","citation":"ITA 2007 s.9 & s.479"},{"id":"cgt-and-isa","heading":"Capital gains & ISA","url":"https://www.paraplanai.co.uk/rates/2024-25#cgt-and-isa","citation":"TCGA 1992 s.1K & s.1H (as amended by F(No.2)A 2024 s.6 and FA 2025 s.7) · HMRC CG10246, CG10245 · ITTOIA 2005 s.694 (ISA regulations)"}],"pension":{"standardAnnualAllowance":60000,"taperThresholdIncome":200000,"taperAdjustedIncome":260000,"taperReduction":"£1 for every £2 of adjusted income over the adjusted-income gate","taperFloor":10000,"moneyPurchaseAnnualAllowance":10000,"reliefBasicAmount":3600,"dbRevaluationPriorSeptemberCpiPercent":6.7},"lumpSumAllowances":{"lumpSumAllowance":268275,"lumpSumAndDeathBenefitAllowance":1073100,"protectionCeilings":{"fixedProtection2012":{"lsa":450000,"lsdba":1800000},"fixedProtection2014":{"lsa":375000,"lsdba":1500000},"fixedProtection2016":{"lsa":312500,"lsdba":1250000}}},"incomeTaxRuk":{"personalAllowance":12570,"personalAllowanceWithdrawnFrom":100000,"basicRateBand":37700,"additionalRateThreshold":125140,"basicRatePercent":20,"higherRatePercent":40,"additionalRatePercent":45},"incomeTaxScotland":{"note":"Non-savings bands only; savings, dividends and the personal allowance are UK-wide.","basis":"Band boundaries are GROSS income assuming the full UK personal allowance, matching gov.scot's published table; band widths are TAXABLE income. bandsAnchoredAtPersonalAllowance plus the cumulative widths reproduce the boundaries.","bandsAnchoredAtPersonalAllowance":12570,"lowerBands":[{"name":"Starter rate","ratePercent":19,"taxableBandWidth":2306,"grossIncomeFrom":12571,"grossIncomeTo":14876},{"name":"Scottish basic rate","ratePercent":20,"taxableBandWidth":11685,"grossIncomeFrom":14877,"grossIncomeTo":26561},{"name":"Intermediate rate","ratePercent":21,"taxableBandWidth":17101,"grossIncomeFrom":26562,"grossIncomeTo":43662},{"name":"Higher rate","ratePercent":42,"taxableBandWidth":31338,"grossIncomeFrom":43663,"grossIncomeTo":75000}],"advancedRatePercent":45,"advancedRateThreshold":75000,"topRatePercent":48,"topRateThreshold":125140},"savingsAndDividends":{"personalSavingsAllowance":{"basicRate":1000,"higherRate":500,"additionalRate":0},"startingRateForSavingsBand":5000,"startingRateForSavingsPercent":0,"dividendAllowance":500,"dividendRatesPercent":{"ordinary":8.75,"upper":33.75,"additional":39.35}},"nationalInsurance":{"employeePrimaryThreshold":12570,"employeeUpperEarningsLimit":50270,"employeeMainRatePercent":8,"employeeUpperRatePercent":2,"employerSecondaryThreshold":9100,"employerRatePercent":13.8},"childBenefit":{"weeklyFirstChild":25.6,"weeklyAdditionalChild":16.95,"hicbcLowerLimit":60000,"hicbcClawback":"1% of the Child Benefit per £200 of adjusted net income over the lower limit"},"childcare":{"taxFreeChildcareAnnualCapPerChild":2000,"taxFreeChildcareAnnualCapPerDisabledChild":4000,"adjustedNetIncomeCliff":100000},"trusts":{"trustRatePercent":45,"trustDividendRatePercent":39.35,"standardRateBand":null},"capitalGainsAndIsa":{"cgtAnnualExemptAmount":3000,"cgtRateBasicPercent":18,"cgtRateHigherPercent":24,"cgtRateScope":"excluding carried interest gains","cgtRatesByPeriod":[{"period":"disposals before 30 October 2024","cgtRateBasicPercent":10,"cgtRateHigherPercent":20,"scope":"excluding residential property and carried interest gains","configVersion":"2023-24-v1.18","verifiedDate":"2026-07-25"},{"period":"disposals from 30 October 2024","cgtRateBasicPercent":18,"cgtRateHigherPercent":24,"scope":"excluding carried interest gains","configVersion":"2024-25-v1.17","verifiedDate":"2026-07-25"}],"cgtRatesNote":"The pair above is the one for disposals from 30 October 2024; cgtRatesByPeriod gives the pair for earlier disposals.","isaAnnualSubscriptionLimit":20000}}