Personal Ta xation
Income Ta x Rates and Allowance s
| Rates of inc ome tax | 2013/14 |
2012/ 13 |
| * | £ |
£ |
| 10% starting rate (for savings | * | * |
| income only) to: |
2,790 |
2,710 |
| 20% basic rate on income to: | 32,010 |
34,370 |
| 40% higher rate on income to: | 150,000 |
150,000 |
| Additional rate thereafter: | 45% |
50% |
| Higher rate on dividends | 32.5% |
32.5% |
| – effective rate with tax credit |
25% |
25% |
| Additional rate on dividends | 37.5% |
42.5% |
| – effective rate with tax credit |
30.6% |
36.1% |
| Per s o na l a llo wances |
|
|
Personal allowance 9,440t 8,105t
Registered blind person 2,160 2,100
t Reduced £1 for £2 where income exceeds £100,000
