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Profits Diverted profits Years to 31/3/20 and 31/3/19 Corporation tax at 32.5% on outstanding loans to participators 19% 25%

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Stamp Duty and SDRT: Stocks and marketable securities 0.5% Second residential and all corporate residential properties £40,000 or more – add 3% to relevant SDLT/ LTT rate(s) and 4% to

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19/20 18/19 Nil-rate band* £325,000 £325,000 Residence nil-rate band*† £150,000 £125,000 Rate of tax on excess 40% 40% Rate if at least 10% of net estate left to charity 36%

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Tax Rates – Individuals 19/20 18/19 Below UK higher rate income tax band 10% 10% Within UK higher and additional rate income tax bands 20% 20% Tax rate – Trusts

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Class 1 19/20 Employee Employer NICs rate 12% 13.8% No NICs for employees generally on the first £166 pw £166 pw No NICs for younger employees* on the first £166

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19/20 18/19 Total Individual Savings Account (ISA) limit excluding JISAs £20,000 £20,000 Lifetime ISA £4,000 £4,000 Help to Buy ISA (Existing savers only from 1/12/19) £1,000 initial and £200 per

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Weekly Annual Single tier pension – where state pension age reached after 5/4/16 £168.60 £8,767.20 Basic pension – single person* £129.20 £6,718.40 Basic pension – spouse/civil partner* £77.45 £4,027.40 *

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19/20 18/19 Lifetime allowance £1,055,000 £1,030,000 Money purchase annual allowance £4,000 £4,000 Annual allowance* £40,000 £40,000 Annual allowance charge on excess Applicable tax rate(s) on earnings Lifetime allowance charge if

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UK excluding Scottish taxpayers’ non-dividend, non-savings income 19/20 18/19 20% basic rate on taxable income up to £37,500 £34,500 40% higher rate on taxable income over £37,500 £34,500 45% additional

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Whilst disaster and infighting appear to have gripped Westminster, and it’s hard to recall a time when our politics appears more desperate, one could be forgiven for forgetting that the

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MAIN DUE DATES FOR TAX PAYMENT Income Tax, NIC and Capital Gains Tax – Self-assessment 31 Jan in tax year Following 31 July Following 31 Jan }   ·     Normally

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SOCIAL SECURITY AND OTHER RATES 2019/20 social security rates not yet published. These are the rates at 29/10/18. Weekly rates and taxable unless stated otherwise. Benefits marked † below are