Uk Budget 2024-25 Tax. The national living wage, for employees aged 21 and over, will rise from £11.44 an hour, to £12.21. Employers' nic rate rises to 15 percent and the secondary threshold drops by £4,100 to £5,000 from april 2025.

The document discusses the upcoming changes to inheritance tax (iht) as announced in the autumn budget 2024. The national living wage, for employees aged 21 and over, will rise from £11.44 an hour, to £12.21.