Recent income tax rates and bands are as follows:
| 2017/18 | 2018/19 | 2019/20 | |
|---|---|---|---|
| Savings rate: 10%, 0% from 2015/16 | Up to £5,000 | Up to £5,000 | Up to £5,000 |
| Dividend Allowance: 0% | Up to £5,000 | Up to £2,000 | Up to £2,000 |
| Basic rate: 20% | Up to £33,500 | Up to £34,500 | Up to £37,500 |
| Higher rate: 40% | £33,501 - £150,000 | £34,501 - £150,000 | £37,501 - £150,000 |
| Additional rate: 45% | Over £150,000 | Over £150,000 | Over £150,000 |
When the personal allowance is taken into account an individual will start to pay tax at 40% when their total income exceeds £46,350 in 2018/19. This is expected to rise to £50,000 for 2019/20. This threshold (and the 45% threshold) can be increased if the taxpayer pays personal pension contributions or makes gift aid donations.
For 2017/18 the basic rate band on non-savings income for Scottish Taxpayers is set at £43,000. For all other income types it remains in line with the main UK band of £45,000.
| 2018/19 | 2019/20 | |
|---|---|---|
| Starter rate: 19% | Up to £2,000 | Up to £2,050 |
| Basic rate: 20% | £2,001 to £12,150 | £2,501 to £12,445 |
| Intermediate rate: 21% | £12,151 to £31,580 | £12,446 to £30,930 |
| Higher rate: 41% | £31,581 - £150,000 | £30,931 to £150,000 |
| Additional rate: 46% | Over £150,000 | Over £150,000 |