Income Tax Rates

2013/14 2012/13
Band £ Rate % Band £ Rate %
0-2,790 10* 0-2,710 10*
0 – 32,010 20** 0 – 34,370 20**
32,011 - 150,000 40*** 34,371 - 150,000 40***
Over 150,000 45**** Over 150,000 50****


*Only applicable to dividends and savings income.  The 10% rate is not available if taxable non-savings income exceeds £2,790 (£2,710)

** Except dividends (10%).

*** Except dividends (32.5%).

**** Except Dividends (37.5% for 2013/14 and 42.5% for 2012/13)

Other income taxed first, then savings income and finally dividends.

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