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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.

Contact us today to arrange a free initial meeting with John Galley to discuss your requirements.

How can we help?

We are a proactive firm of accountants who can assist you in all your financial needs in a friendly, efficient and professional manner.

Building partnerships, listening to your needs, and implementing a solid financial strategy is the backbone of our practice.

Why work with us?

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