Thakkar & Co.

Phone: 08005423281
Email: ajay@thakkarfs.com

Income Tax Rates

 Rates

2013-14

2014-15

 Starting rate for savings: 10%*

 £0 - £2,790

 £0 - £2,880

 Basic Rate: 20%

  £0 - £32,010

 £0 - £31,865

 Higher Rate: 40%

  £32,011 - £150,000

 £32,011 - £150,000

 Additional Rate: 50%

 Over £150,000

Over £150,000

 

*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £2,880 (£2,790).

** Except dividends (10%).

*** Except dividends (32.5%).

**** Except dividends (37.5%).

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

 

Source: http://www.hmrc.gov.uk/rates/it.htm