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 

                                                         Higher rate 

                                                         Additional rate 

£1,000

£500

£0

£1,000

£500

£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

 

Main personal allowances and reliefs 20/21 19/20
Personal allowance** £12,500 £12,500
Married couple’s/civil partner’s transferable allowance  £1,250 £1,250
Married couple’s/civil partner’s allowance at 10% – maximum
(if at least one born before 6/4/35)                            – minimum 
£9,075 £8,915
£3,510 £3,450
Blind person’s allowance £2,500 £2,450
Rent-a-room relief £7,500 £7,500
Property allowance  £1,000 £1,000
Trading allowance £1,000 £1,000

** Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000
† Married couple’s allowance reduced by £1 for every £2 of adjusted net income over £30,200 (£29,960 for 2019/20),
until minimum reached

Non-domicile remittance basis charge after UK residence in at least: 20/21 19/20
7 of the last 9 tax years

12 of the last 14 tax years

£30,000

£60,000

£30,000

£60,000

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