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What are the Income Tax Bands?

Income tax - taxable bands

From 2008-09 there is a 10 per cent starting rate for savings income only

The rates available for dividends are the 10 per cent ordinary rate and the 32.5 per cent dividend upper rate. For the 2010/2011 tax year there is also a new dividend additional rate of 42.5%

 
 
2008-09
2009-10
2010-11
Starting rate for savings: 10%*
£0-£2,320
£0-£2,440
£0-£2,440
Basic rate: 20%
£0-£34,800
£0-£37,400
£0-£37,400
Higher rate: 40%
Over £34,800
Over £37,400
£37,401-£150,000
Additional rate: 50%
Not applicable
Not applicable
Over £150,000

 
 
2010-11
2011-12
Savings starting rate*: 10%
 0 - £2,440
 0 - £2,560
Basic rate: 20%
 0 - £37,400
 0 - £35,000
Higher rate: 40%
£37,401 - £150,000
 £35,001 - £150,000
Additional rate : 50%
Over £150,000
Over £150,000 
 
* only available if non savings income is less than this amount
 
 

Disclaimer

The content and advice is for information only. Last updated 26.07.2010.

For up to date information and advice, based on your specific circumstances, please contact us.

We cannot be held responsible for actions taken with reference to the content contained on this website.

 


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