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Home Resource Centre Tax Tables Income Tax Rates

Tax Tables

Income Tax Rates

Income tax allowances

2022/23

2021/22

2020/21

Personal allowances

     

Basic allowance

£12,570

£12,500

£12,500

Income limit for personal allowance

£100,000

£100,000

£100,000

Dividend allowance

£2,000

£2,000

£2,000

 

 

 

 

Marriage/civil partnership allowances

2022/23

2021/22

2020/21

Transferable tax limit

£1,260

£1,260

£1,250

Married couples/civil partnerships allowance maximum (born before 6 April 1935)

£9,415

£9,125

£9,075

Married couples/civil partnerships allowance maximum (born on/after 6 April 1935)

£3,640

£3,530

£3,510

Income limit for married couples/civil partnerships allowance

£31,400

£30,400

£30,200

       

Savings allowances

2022/23

2021/22

2020/21

Basic rate

£1,000

£1,000

£1,000

Higher rate

£500

£500

£500

Additional rate

£0

£0

£0

 

 

 

 

Other allowances

2022/23

2021/22

2020/21

Blind person's allowance

£2,600

£2,500

£2,500

Rent-a-room tax free home income (restricted to £3,750 if letting jointly)

£7,500

£7,500

£7,500

Pre-owned assets de-minimis

£5,000

£5,000

£5,000

 

 

 

 

 

 

 

 

Income tax - taxable bands

2022/23

2021/22

2020/21

Savings 0%

£0 - £5,000

£0 - £5,000

£0 - £5,000

Basic rate 20%

£0 - £37,700

£0 - £37,700

£0 - £37,500

Higher rate 40%

£37,701 - £150,000

£37,701 - £150,000

£37,501 - £150,000

Additional rate 45%

£150,001 +

£150,001 +

£150,001 +

   

 

 

 

Dividend rates

 

2022/23

2021/22

2020/21

Basic rate  

8.75%

7.5%

7.5%

Higher rate  

33.75%

32.5%

32.5%

Additional rate  

39.35%

38.1%

38.1%

   

 

 

 

Discretionary and relevant property trusts

 

2022/23

2021/22

2020/21

Starting rate band  

£1,000

£1,000

£1,000

Starting dividend rate  

8.75%

7.5%

7.5%

Dividends above the starting rate  

39.35%

38.1%

38.1%

Other income above the starting rate  

45%

45%

45%

   

 

 

 

Interest in possession trusts

 

2022/23

2021/22

2020/21

UK dividends  

8.75%

7.5%

7.5%

Savings, rent and trading  

20%

20%

20%

         
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