Please contact us if you have any questions

Tax Rates & Allowances

Menu of rates »

Income Tax Rates

2013/14

2012/13

Band £ Rate % Band £ Rate %
0 - 2,790 10* 0 - 2,710 10*
0 - 32,010 20** 0 - 34,370 20**
32,011 - 150,000 40*** 34,371 - 150,000 40***
Over 150,000 45**** Over 150,000 50****

*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £2,790 (£2,710).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends (37.5% for 2013/14 and 42.5% for 2012/13).
Other income taxed first, then savings income and finally dividends.