Income Tax Changes In Budget 2024

Income Tax Changes In Budget 2024. The changes made at autumn statement 2023 and spring budget 2024 mean that for single individuals on average salaries, personal taxes would be lower in. The government will introduce legislation in spring finance bill 2024 to set the charge for income tax, and the corresponding rates,.

This factsheet sets out the changes being made to national insurance and the high income child benefit charge announced at spring budget 2024. The higher threshold would be more than £61,000, meaning someone on a £60,000 salary would be paying the 40% income tax rate on almost £10,000 more of.