Income Tax

UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income

20/21

19/20

20% basic rate on first slice of taxable income up to

£37,500

£37,500

40% higher rate on first slice of taxable income over

£37,500

£37,500

45% additional rate on taxable income over

£150,000

£150,000

All UK taxpayers

 

 

Starting rate at 0% on band of savings income up to*

£5,000

£5,000

Personal savings allowance at 0%:   

Basic rate

£1,000

£1,000



Higher rate

£500

£500

 

Additional rate

£0

£0

Dividend allowance at 0% - 
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%

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  

20/21

19/20

19% starter rate on taxable income up to

£2,085

£2,049

20% basic rate on next slice up to

£12,658

£12,444

21% intermediate rate on next slice up to

£30,930

£30,930

41% higher rate on next slice up to

£150,000

£150,000

46% top rate on income over

£150,000

£150,000

High Income Child Benefit Charge: 1% of benefit per £100 of adjusted net income of £50,000–£60,000

 

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