Income tax rates and bands
UK excluding Scottish taxpayers’ non-dividend, non-savings income |
2019/20 |
2018/19 |
|
20% basic rate on income up to: |
£37,500 |
£34,500 |
|
40% higher rate on income over: |
£37,500 |
£34,500 |
|
45% additional rate on income over: |
£150,000 |
£150,000 |
|
All UK taxpayers |
|
|
|
Starting rate at 0% on savings income up to3 |
£5,000 |
£5,000 |
|
Savings allowance at 0% tax rate: |
|
|
|
Dividend allowance at 0% tax – all individuals |
£2,000 |
£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 |
|||
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 after UK residence in at least: | 19/20 |
18/19 |
|
7 of the last 9 tax years |
£30,000 |
£30,000 |
|