Income Tax
Rates and bands (other than savings and dividend income)
2022/23 |
2021/22 |
Band £ |
Rate % |
Band £ |
Rate % |
0 - 37,700 |
20 |
0 - 37,700 |
20 |
37,701 - 150,000 |
40 |
37,701 - 150,000 |
40 |
Over 150,000 |
45 |
Over 150,000 |
45 |
Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.
Savings income |
2022/23 and 2021/22 |
Savings allowance basic rate |
£1,000 |
Savings allowance higher rate |
£500 |
A starting rate of 0% may be available unless taxable non-savings income exceeds £5,000.
Dividend income |
2022/23 |
2021/22 |
Dividend allowance |
£2,000 |
£2,000 |
Dividend ordinary rate |
8.75% |
7.5% |
Dividend upper rate |
33.75% |
32.5% |
Dividend additional rate |
39.35% |
38.1% |
Click here to go back