2024 Social Security Tax Limit Increase Uk. In england, wales and northern ireland, you start to pay income tax on annual earnings of more than £12,570, charged at 20%. With the new financial year set to begin on april 6th, 2023, several tax rates are set to change.

Casualty premium rates when policies come up for. The government is also increasing the income threshold at which hicbc starts to be charged from £50,000 to £60,000 from april 2024.