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Income Tax Bands and Rates

	2011-12	2010-11
Starting rate for savings: 10%*	£0 - £2,560	£0 - £2,440
Basic rate: 20%**	£0 - £35,000	£0 - £37,400
Higher rate: 40%***	£35,001 - £150,000	£37,401 - £150,000
Additional rate: 50%****	Over £150,000	Over £150,000

 

 
* Only applicable to savings income.  If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.
 

** Except dividends (10%).
 

*** Except dividends (32.5%).

 

**** Except dividends (42.5%). 

© 2012 McAllen and Co | Income Tax Rates

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