Income Tax Rates

 2015/16

Band £

Rate %

0 - 5,000

10*

0 - 31,785

20**

31,786 - 150,000 

40***

Over 150,000

45****

2014/15

Band £

Rate %

0 - 2,880

10*

0 - 31,865

20**

31,866 - 150,000 

40***

Over 150,000

50****

*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £5,000 (2014/15 £2,880).
** Except dividends 10%.
*** Except dividends 32.5%.
**** Except dividends 37.5% (2012/13 42.5%).
Other income taxed first, then savings income and finally dividends.

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