Income tax – bands (after any personal allowance)
UK excluding Scotland
| Rate | Tax Band | Income tax rate | Dividend tax rate |
|---|---|---|---|
| Starting Rate for Savings | £0 – £5,000 | 0% | N/A |
| Basic rate | £0 – £33,500 | 20% | 7.5% |
| Higher Rate | £33,501 – £150,000 | 40% | 32.5% |
| Additional Rate | £150,000+ | 45% | 38.1% |
Higher rate threshold (standard personal allowance + basic rate band) is £45,000.
Non-savings income uses up the starting rate for savings.