Legislative Changes for rUK and Wales for Tax Year 2024-25
PAYE
rUK Rates of Income Tax and Thresholds
The thresholds and rates used in the calculation of PAYE for rUK for the tax year 2024-25 remain unchanged and are the same rates used for 2023-24.
Welsh Rates of Income Tax
There are no additional changes for Wales for 2024-25.
Note: Scottish Income Tax isn't included in this monthly update.
Statutory Payments
Statutory payments for the tax year 2024-25 are as follows:
|
Statutory Payment Type |
Weekly Amount 2024-25 |
|---|---|
|
Statutory Sick Pay (SSP) |
£116.75 for sickness absence on or after April 6, 2024 |
|
Statutory Maternity Pay (SMP) |
£184.03 for payment weeks starting on or after April 7, 2024 |
|
Statutory Adoption Pay (SAP) |
£184.03 for payment weeks starting on or after April 7, 2024 |
|
Statutory Paternity Pay (SPP) |
£184.03 for payment weeks starting on or after April 7, 2024 |
|
Statutory Shared Parental Pay (ShPP) |
£184.03 for payment weeks starting on or after April 7, 2024 |
|
Statutory Parental Bereavement Pay (SPBP) |
£184.03 for payment weeks starting on or after April 7, 2024 |
Student Loans and Postgraduate Loans
The annual thresholds used to calculate Plan 1 and Plan 4 Student Loan deductions are increasing from April 6, 2024.
|
Loan Type |
Annual Threshold 2024-25 |
Rate (%) 2 024-25 |
|---|---|---|
| Plan 1 |
£24,990 |
9 |
| Plan 4 (Scotland) |
£31,395 |
9 |
Stay compliant with legislative changes introduced for the tax year 2024-25. This includes the prescribed changes to rates, thresholds and percentages for Income Tax, National Insurance categories and deductions, and all other changes that will be effective for rUK, and Wales from April 6, 2024.
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Key Resources
Payroll Legislative Updates For Tax Year 2024/2025 [Document 2992380.1]