Income Tax

UK excluding Scottish taxpayers 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* £5,000 £5,000
Savings allowance at 0% tax: Basic rate
Higher rate taxpayer
Additional rate taxpayer
£1,000
£500
£0
£1,000
£500
£0
Dividend allowance at 0% tax – all individuals £5,000 £2,000
Tax rate on dividends: Basic rate
Higher rate
Additional rate 
7.5%
32.5%
38.1%
7.5%
32.5%
38.1%
Trusts: Standard rate band generally £1,000 £1,000
Rate applicable to trusts: Dividends 38.1% 38.1%
Other income 45% 45%

*Not available if taxable non-savings income exceeds the starting rate band.

 

 

Scottish taxpayers – non-dividend, non-savings income 17/18 18/19
19% (18/19 only) starter rate on income up to: N/A £2,000
20% basic rate on slice of income up to: £31,500 £12,150
21% (18/19 only) intermediate rate on next slice up to: N/A £31,580
41% (40% in 17/18) higher rate on next slice up to: £150,000 £150,000
46% (45% additional rate in 17/18) top rate on income over: £150,000 £150,000
     
High Income Child Benefit Charge: 1% of benefit per £100 of adjusted net income between £50,000 and £60,000

 

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