Income Tax Rates 2024/25 Uk. Tax thresholds, rates and codes the amount of income tax you deduct from your employees depends on their tax code and how much of their taxable income is above their personal. I have a company pension of around £1,800 a month after tax (i think it's ridiculous that i pay tax on my pension).
Each year, rates of tax can change as can the various limits and allowances that help reduce the amount you pay. Tax thresholds, rates and codes the amount of income tax you deduct from your employees depends on their tax code and how much of their taxable income is above their personal.