Current tax rates and allowances.
| UK excluding Scotland Income Tax Rates | 2018/19 | 2017/18 |
|---|---|---|
| Basic rate of 20% on income up to | £34,500 | £33,500 |
| Higher rate of 40% on income up to | £34,500 | £33,500 |
| Additional rate of 45% on income over | £150,000 | £150,000 |
| Starting rate of 0% on savings income up to** | £5,000 | £5,000 |
| Savings allowance at 0% tax | ||
| 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 | £5,000 |
| Tax rate on dividends based on | ||
| Basic rate taxpayers | 7.5% | 7.5% |
| Higher rate taxpayers | 32.5% | 32.5% |
| Additional rate tax payers | 38.1% | 38.1% |
| Trusts: Standard rate band generally | £1,000 | £1,000 |
| Rate applicable to trusts - dividends | 38.1% | 38.1% |
| Rate applicable to trusts - other income | 45% | 45% |
| Rate applicable to trusts - dividends | 38.1% | 38.1% |
| Rate applicable to trusts - other income | 45% | 45% |
** Not available if taxable non-savings income exceeds the starting rate band.
| Scottish Income Tax Rates | 2018/19 | 2017/18 |
|---|---|---|
| Starter rate on income up to | £2,000 | N/A |
| Basic rate on slice of income up to | £12,150 | £31,500 |
| Intermediate rate on next slice up to | £31,580 | N/A |
| Higher rate on next slice up to | £150,000 | 40% |
| Top rate on income over | £150,000 | 45% |
Child Benefit Charge
| Income | 2018/19 | 2017/18 |
|---|---|---|
| 1% of benefit per £100 of income between | £50,000-£60,000 | £50,000-£60,000 |
Main Personal Allowances and Reliefs
| Personal Allowance (PA) | 2018/19 | 2017/18 |
|---|---|---|
| Personal (basic) | £11,850 | £11,500 |
| Personal reduced by £1 for every £2 of net income over | £100,000 | £100,000 |
| Married couples/civic partners' transferable allowance | £1,190 | £1,150 |
| Married couples'/civil partners' allowance at 10%* | ||
| (if at least one born before 6/4/35 - maximum | £8,695 | £8,445 |
| - minimum | £3,360 | £3,260 |
| Blind person’s allowance | £2,390 | £2,320 |
| Rent-a-room tax-free income | £7,500 | £7,500 |
| Property allowance and Trading allowance (each) | £1,000 | £1,000 |
Non-domicile remittance basis charge after UK residence in at least
| non-domicile Remittance basic charge after UK residence in at least | 2018/19 | 2017/18 |
|---|---|---|
| 7 of the last 9 tax years | £30,000 | £30,000 |
| 12 of the last 14 tax year | £60,000 | £60,000 |
Notes
-
Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000
-
Married couple’s allowance reduced by £1 for every £2 of adjusted net income over £28,900 (£28,000 for 2017/18), until minimum reached
