Tax Planning For 2024 Uk. With a new labour government in place, the upcoming budget has been a recent discussion point in the media. 20% tax on earnings between £12,571 and £50,270.

With the end of the 2023/24 tax year fast approaching, now is a good time to stop and work out what actions are required to make use of the relevant tax planning opportunities that are of interest to you and your wider family. Rachel reeves is looking to raise up to £40 billion in tax hikes and spending cuts in this month’s budget as the government seeks to avoid a return to austerity, it is understood.