Rates | 16/17 | 17/18 |
Basic rate of 20% on income up to : UK (excl. Scotland) | £32,000 | £33,500 |
Scotland | £32,000 | £31,500* |
Higher rate of 40% on income over: UK (excl. Scotland) | £32,000 | £33,500 |
Scotland | £32,000 | £31,500* |
Additional rate of 45% on income over: all UK | £150,000 | £150,000 |
Starting rate of 0% on savings income up to** | £5,000 | £5,000 |
Savings allowance at 0% tax · Basic rate taxpayers · Higher rate taxpayers · Additional rate taxpayers | £1,000 £500 £0 | £1,000 £500 £0 |
Dividend allowance at 0% tax – all individuals | £5,000 | £5,000 |
Tax rate on dividend income | ||
| 7.5% | 7.5% |
32.5% | 32.5% | |
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% |
* For non-dividend, non-savings income only: otherwise UK (excl. Scotland) band applies **Not available if taxable non-savings income exceeds the starting rate band. |
Child Benefit Charge: 1% of benefit per £100 of income between £50,000 and £60,000 |
West London
3 Brook Business Centre,
Cowley Mill Road,
Uxbridge, UB8 2FX
East London
London, E11 1GA
South London
London Bridge
73–81 Southwark Bridge Road,
London, SE1 0NQ
City London
London, EC2M 1JH
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.