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%
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2008-09
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2009-10
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2010-11
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Starting rate for savings: 10%*
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£0-£2,320
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£0-£2,440
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£0-£2,440
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Basic rate: 20%
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£0-£34,800
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£0-£37,400
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£0-£37,400
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Higher rate: 40%
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Over £34,800
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Over £37,400
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£37,401-£150,000
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Additional rate: 50%
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Not applicable
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Not applicable
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Over £150,000
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2010-11
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2011-12
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Savings starting rate*: 10%
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0 - £2,440
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0 - £2,560
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Basic rate: 20%
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0 - £37,400
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0 - £35,000
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Higher rate: 40%
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£37,401 - £150,000
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£35,001 - £150,000
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Additional rate : 50%
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Over £150,000
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Over £150,000
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* only available if non savings income is less than this amount
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The content and advice is for information only. Last updated 26.07.2010.
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