2024 Standard Tax Deduction Amount Uk. Multiply the number by 10 to. *pa is withdrawn at £1 for every £2 by which ‘adjusted income’ exceeds £100,000.

Tax is paid on the amount of taxable income remaining after the personal allowance has been deducted. Available to a qualifying individual born before 6th april 1935 aged 75 or over 10% of the amount below is allowed to be deducted from the tax bill of a qualifying individual.