| 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 |
