Income Tax Basics For Beginners (Income Tax 101)

Understanding UK income tax brackets in 2024 should be simple however, for many, its not. I break down the Scottish and English tax brackets, explain the personal allowance trap, and how the progressive tax brackets work in simple terms accessible to everyone.

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This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.

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[MoneywithMyles]

What do you think of the progressive tax system? Is it fair / how would you change it?

[marys.currie]

Still a bit confused. You need to explain further that each layer includes more than one tax is it just me 🤔