Скачать или смотреть Sole Trader Tax Breakdown 2024-25: £21,000 Profit Explained

Discover the essential tax breakdown for sole traders with a profit of £21,000 for the 2024-25 tax year! In this informative video, we clarify your Income Tax obligations, detailing your personal allowance and the Basic Rate implications. Find out how National Insurance contributions are calculated, including Class 2 and Class 4 rates, and learn about the impact of student loans on your earnings. We simplify everything, ensuring you understand your total tax liability of just £2,624.10, with no student loan payments required! Whether you're a seasoned sole trader or just starting out, this video is packed with valuable insights.

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