Income Tax

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
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: 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