Income tax rates and bands
UK excluding Scottish taxpayers’ non-savings income |
17/18 |
18/19 |
|
20% basic rate on income up to: |
£33,500 |
£34,500 |
|
40% higher rate on income over: |
£33,500 |
£34,500 |
|
45% additional rate on income over: |
£150,000 |
£150,000 |
|
All UK taxpayers |
|
|
|
Starting rate at 0% on savings income up to [3] |
£5,000 |
£5,000 |
|
Savings allowance at 0% tax rate: |
|
|
|
Dividend allowance at 0% tax – all individuals |
£5,000 |
£2,000 |
|
Tax rates on dividend income: |
Basic rate |
7.5% |
7.5% |
|
Higher rate |
32.5% |
32.5% |
|
Additional rate |
38.1% |
38.1% |
[3] Not available if taxable non-savings income exceeds the starting rate band.
Trusts |
17/18 |
18/19 |
Standard rate band generally |
£1,000 |
£1,000 |
Rate applicable to trusts: Dividends |
38.1% |
38.1% |
Other income |
45% |
45% |
Non-domicile remittance basis charge: |
17/18 |
18/19 |
7 of the last 9 tax years |
£30,000 |
£30,000 |
12 of the last 14 tax years |
£60,000 |
£60,000 |