Income Tax Rates

Income tax rates

Rate

%

2018/19

2017/18

2016/17

2015/16

 2014/15

2013/14

2012/13

2011/12

2010/11

Basic*

20%

£0 to £34,500

£0 to £33,500

£0 to £32,000

£0 to £31,785

£0 to £31,865

£0 to £32,010

£0 to £34,370

£0 to £35,000

£0 to £37,400

Higher**

40%

£34,501 to £150,000

£33,501 to £150,000

£32,001 to £150,000

£31,786 to £150,000

£31,866 to £150,000

£32,011 to £150,000

£34,370 to £150,000

£35,001 to £150,000

£37,401 to £150,000

Top

45%

£150,001+

£150,001 +

£150,001 +

£150,001 +

£150,001 +

£150,001 +

-

-

-

Top

50%

-

   

-

-

-

£150,000 +

£150,000 +

£150,000 +

*Starting rate band (see Savings income: tax on interest)

a starting rate applies to savings income up to:

  • £5,000 2018/19 - rate 0%
  • £5,000 2017/18 “ “
  • £5,000 2016/17   " "
  • £5,000 2015/16   " "
  • £2,880 2014/15 - rate 10%
  • £2,790 2013/14   " "
  • £2,710 2012/13   " "
  • £2,560 2011/12   " "
  • £2,440 2010/11   " "
  • £2,320 2008/09 to 2009/10  " "

This band is not available if taxable non-savings income also exceeds this band. Our guide Savings income: tax on interestshows worked examples.

Note the restriction on personal allowances when income is in excess of £100,000 from 2010/11 on.

ClientSector
Access your accounts here