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Income Tax Bands and Rates

 

 

2013-14

 

Starting rate for savings: 10%*

 

£0 - £2,790

 

Basic rate: 20%**

 

£0 - £32,010

 

Higher rate: 40%***

 

£32,011 - £150,000

 

Additional rate: 45%****

 

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 (37.5%).


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