Income Tax

UK excluding Scottish taxpayers’ non-dividend, non-savings income 19/20 18/19
20% basic rate on taxable income up to £37,500 £34,500
40% higher rate on taxable income over £37,500 £34,500
45% additional rate on taxable income over £150,000 £150,000
All UK taxpayers
Starting rate at 0% on 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 income 19/20 18/19
19% starter rate on income up to £2,049 £2,000
20% basic rate on slice of income up to £12,444 £12,150
21% intermediate rate on next slice up to £30,930 £31,580
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 19/20 18/19
Personal allowance* £12,500 £11,850
Married couple’s/civil partner’s transferable allowance £1,250 £1,190
Married couple’s/civil partner’s allowance at 10% – maximum
(if at least one born before 6/4/35) – minimum
£8,915 £8,695
£3,450 £3,360
Blind person’s allowance £2,450 £2,390
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 £29,600 (£28,900 for 2018/19)

Non-domicile remittance basis charge after UK residence in at least: 19/20 18/19
7 of the last 9 tax years £30,000 £60,000
12 of the last 14 tax years £30,000 £60,000
Talk to Barnes Roffe today
Share this page:
Contact Us
ICAEW The Chartered Institute of Taxation ACCA IPG IR