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Bands of taxable income and corresponding tax rates

Per cent of income / £ a year year
Basic rate20%20%
Higher rate40%40%
Additional rate45%45%
Starting rate for savings income (*)10%0%
Dividend ordinary rate10%10%
Dividend upper rate32.5%32.5%
Dividend additional rate37.5%37.5%
Trust rate45%45%
Starting rate limit (savings income)£2,880£5,000
Basic rate band£0 – 31,865£0 – 31,785
Higher rate band£31,866 – 150,000£31,786 – 150,000
Additional rate bandOver £150,000Over £150,000
(*) From 2008-09 there is a starting rate for savings income only. If an individual’s taxable non-savings income exceeds the starting rate limit, then the starting rate for savings will not be available for savings income.

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