Tax Rates >> Income Tax Bands & Rates

Income Tax Bands & Rates


2013-14 2012-13
Taxable Bands Rate Taxable Bands Rate
£0 - 2,790 10%* £0 - 2,710 10%*
£2,791-32,010 20%** £2,711-34,370 20%**
£32,011-150,000 40%*** £34,371-150,000 40%***
Over £150,000 50%**** Over £150,000 50%****


* Only applies to savings income (otherwise is 20%)

** Dividends taxed at 10%

*** Dividends taxed at 32.5% of the gross dividend

**** Dividends taxed at 42.5% of the gross dividend

Other income is taxed first, then savings and then dividends