Income Tax

INCOME TAX
UK excluding Scottish taxpayers’ non-savings income 17/18 18/19
20% basic rate on income up to: £33,500 £34,500
40% higher rate on income over: £33,500 £34,500
45% additional rate on income over: £150,000 £150,000
All UK taxpayers    
Starting rate at 0% on savings income up to* £5,000 £5,000
Savings allowance at 0% tax rate:  Basic rate taxpayer

Higher rate taxpayer

Additional rate taxpayer

£1,000

£500

£0

£1,000

£500

£0

Dividend allowance at 0% tax – all individuals £5,000 £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 income 17/18 18/19
19% (18/19 only) starter rate on income up to N/A £2,000
20% basic rate on slice of income up to £31,500 £12,150
21% (18/19 only) intermediate rate on next slice up to N/A £31,580
41% (40% in 17/18) higher rate on next slice up to £150,000 £150,000
46% (45% additional rate in 17/18) 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 17/18 18/19
Personal allowance* £11,500 £11,850
Marriage / civil partner’s transferable allowance £1,150 £1,190
Married couple’s / civil partner’s allowance at 10% – maximum
(if at least one born before 6/4/35)                            – minimum
£8,445 £8,695
£3,260 £3,360
Blind person’s allowance £2,320 £2,390
Rent-a-room relief £7,500 £7,500
Property allowance and trading allowance (each) £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 £28,900 (£28,000 for 2017/18), until minimum reached

Non-domicile remittance basis charge after UK residence in at least: 17/18 18/19
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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ICAEW The Chartered Institute of Taxation ACCA IPG IR