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% |
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