Tax Rates 2018

ANNEX GUIDE TO

AUTUMN BUDGET 2017

 

 

 

 

2016/17

2017/18

2018/19

 

£

£

£

Income tax rates - (non-dividend income)

 

 

 

0% - starting rate for savings only note 1

Up to 5,000

Up to 5,000

 Up to £5,000

20% basic rate tax

11,001 - 43,000

11,501 – 45,000

 11,851 – 46,350

40% higher rate tax

43,001 - 150,000

45,001 to 150,000

 46,351 – 150,000

45% additional rate tax

Above 150,000

Above 150,000

 Above 150,000

1  If an individual’s taxable non-savings income exceeds the starting rate limit, then the starting rate for savings will not be available for savings income

Scottish rates of income tax                                                       

 note 2

0% - starting rate for savings only note 1

Up to 5,000

Up to 5,000

 

20% basic rate tax

11,001 - 43,000

11,501 - 43,000

 

40% higher rate tax

43,001 - 150,000

43,001 -150,000

 

45% additional rate tax