Tax Year 2025/25 Calendar. But, under current rules, 16 and 17 year olds can open cash isas and save up to £20,000 tax free as well, in effect providing them with a £29,000 tax free isa. The emergency tax code for the 2024/25 tax year remains at 1257l, and there are no automatic uplifts in tax codes.
The emergency tax code for the 2024/25 tax year remains at 1257l, and there are no automatic uplifts in tax codes. Who is likely to be affected individuals with taxable dividend income above £1,000 in the tax year 2023 to 2024 and above £500 from the tax year 2024 to 2025.