Income Tax Threshold 2025/24. Information about adjusted income threshold and minimum reduced (or tapered) annual allowance has been added. Based on the standard tax free allowance for this year of £12,570, if you pay your employee £242 or more you must now also deduct tax from your employee.
Our view some employers are likely to react to the increase in the cost of employing staff by offering lower pay increases in future. Over £242 gross per week:
