Current tax rates and allowances.
| UK excluding Scottish taxpayers’ non-dividend, non-savings income | 2022/23 | 2021/22 |
|---|---|---|
| 20% basic rate on first slice of taxable income up to: | £37,700 | £37,700 |
| 40% higher rate on next slice of taxable income over: | £37,700 | £37,700 |
| 45% additional rate on taxable income over: | £150,000 | £150,000 |
| All UK taxpayers | 2022/23 | 2021/22 |
|---|---|---|
| Starting rate at 0% – on band of savings income up to** | £5,000 | £5,000 |
| Personal savings allowance at 0% tax rate: | ||
| - Basic rate taxpayers | £1,000 | £1,000 |
| - Higher rate taxpayers | £500 | £500 |
| - Additional rate taxpayers | £0 | £0 |
| Dividend allowance at 0% tax - all individuals | £2,000 | £2,000 |
| Tax rates on dividend income: | ||
| - Basic rate taxpayers | 8.75% | 7.5% |
| - Higher rate taxpayers | 33.75% | 32.5% |
| - Additional rate tax payers | 39.35% | 38.1% |
| Trusts | 2022/23 | 2021/22 |
|---|---|---|
| Standard rate band generally | £1,000 | £1,000 |
| Rate applicable to trusts: Dividends | 39.35% | 38.1% |
| Other income (rate applicable to trusts) | 45% | 45% |
| Non-domicile remittance basis charge | 2022/23 | 2021/22 |
|---|---|---|
| After UK residence in at least 7 of the last 9 tax years | £30,000 | £30,000 |
| After UK residence in at least 12 of the last 14 tax years | £60,000 | £60,000 |
** Not available if taxable non-savings income exceeds the starting rate band.
Scottish income tax rates and bands
| Scottish taxpayers – non-dividend, non-savings income | 2022/23 | 2021/22 |
|---|---|---|
| 19% starter rate on taxable income up to | £2,162 | £2,097 |
| 20% basic rate on next slice up to | £13,118 | £12,726 |
| 21% intermediate rate on next slice up to | £31,092 | £31,092 |
| 41% higher rate on next slice up to | £150,000 | £150,000 |
| 46% top rate on income over | £150,000 | £150,000 |
Child Benefit Charge
| High Income Child Benefit Charge | 1% of benefit per £100 of adjusted net income between £50,000 and £60,000 |
Main Personal Allowances and Reliefs
| Personal Allowance (PA) | 2022/23 | 2021/22 |
|---|---|---|
| Personal allowance * | £12,570 | £12,570 |
| Married couple's / civil partner’s transferable allowance | £1,260 | £1,260 |
| Married couple’s / civil partner’s allowance at 10% ** (if at least one born before 6/4/35) | ||
| - maximum | £9,415 | £9,125 |
| - minimum | £3,640 | £3,530 |
| Blind person’s allowance | £2,600 | £2,520 |
| Rent-a-room relief | £7,500 | £7,500 |
| Property allowance | £1,000 | £1,000 |
| Trading allowance | £1,000 | £1,000 |
* Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000.
** Reduced by £1 for every £2 of adjusted net income over £31,400 (£30,400 for 2021/22), until the minimum is reached.
Non-domicile remittance basis charge after UK residence in at least
| Non-domicile remittance basis charge | 2022/23 | 2021/22 |
|---|---|---|
| After UK residence in at least 7 of the last 9 tax years | £30,000 | £30,000 |
| After UK residence in at least 12 of the last 14 tax years | £60,000 | £60,000 |
