Tax Rates and thresholds for the tax...

Taxable Income bands and corresponding rates
2017/18 2016/17
Basic rate 20% 20%
Higher rate 40% 40%
Additional rate 45% 45%
Starting rate of saving income 0% 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 band Over £150,000 Over £150,000

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