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Income Tax Rates

Income Tax Rates

 

2011/12
£

2012/13
£

2013/14
£

Starting rate for savings: 10%*

0 - 2,560

0 - 2,710

0 - 2,790

Basic rate: 20%

0 - 35,000

0 - 34,370

0 - 32,010

Higher rate: 40%

35,001 - 150,000

34,371 - 150,000

32,011 - 150,000

Additional rate: 50%

Over 150,000

Over 150,000

n/a

Additional rate: 45%

n/a

n/a

Over 150,000

* 10% starting rate applies to savings income only. If non-savings income is above this limit, the 10% starting rate will not apply.

Dividend rates:

  • Basic rate: 10%

  • Higher rate: 32.5%

  • Additional rate: 42.5% (37.5% from 2013/14)

 
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