Income Tax

Rates16/1717/18
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
  • Basic rate taxpayers
  • Higher rate taxpayers
  • Additional rate taxpayers
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: dividends38.1%38.1%
other income45%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
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