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 |
