Income Tax:
| PAYE tax rates & thresholds | From 6th April 2025 to 5th April 2026 |
| Personal Allowance | £12,570 per year |
| Basic tax rate | 20% on annual earnings above the PAYE tax threshold and up to £50,270 |
| Higher tax rate | 40% on annual earnings from £50,271 to £125,140 |
| Additional tax rate | 45% on annual earnings above £125,140 |
National minimum wage
The rates below :
| Category of worker | Hourly rate from April 2025 |
| National Living Wage for those aged from 21 and over |
£12.21 |
| Aged 18 to 20 |
£10.00 |
| Apprentices aged 16 to 17 | £7.55 |
| Apprentices under 19 in first year of Apprenticeship | £7.55 |