Income Tax Rates
2017/18 |
2016/17 |
||
| Band £ | Rate % | Band £ | Rate % |
| 0 - 5,000 | 0* | 0 - 2,880 | 10* |
| 0 - 31,785 | 20** | 0 - 31,865 | 20** |
| 31,786 - 150,000 | 40*** | 31,866 - 150,000 | 40*** |
| Over 150,000 | 45**** | Over 150,000 | 45**** |
*Only applicable to savings income. The rate is not available if taxable non-savings income exceeds £5,000 (£2,880).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends (37.5%).
Other income taxed first, then savings income and finally dividends.