Tax Rates and thresholds for the tax...

Taxable Income bands and corresponding rates
Basic rate20%20%
Higher rate40%40%
Additional rate45%45%
Starting rate of saving income0%0%
Dividend ordinary rate (effective rate with tax credit)7.5%0%
Dividend higher rate (effective rate with tax credit)32.5% (25%)32.5%
Dividend additional rate (effective rate with tax credit)37.5% (30.6%)38.1%
Starting rate limit (savings income)£5,000£5,000
Basic rate band£0 – 31,785£0 – 32,000
High rate band£31,786-150,000£32,001-150,000
Additional rate bandOver £150,000Over £150,000

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