| 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 |
