Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Investment Reliefs
Fixed Rate Reductions: Unincorporated Businesses
Sponsorship
Key Facts

Income Tax Rates

Taxable Income

Rate %

2017/18


0 - 33,5001

20

33,501 - 150,0001

40

Over 150,000

45

 

2016/17
0 - 32,000

20

32,001 - 150,000

40

Over 150,000

45

A 0% starting rate for savings income only applies to the extent that such income falls within the first 5000 of taxable income. If taxable non-savings income exceeds the limit, the starting rate does not apply. A 0% rate applies to savings income falling within the personal savings allowance. Income taxable at the starting rate for savings does not fall within the personal savings allowance.

A 0% rate applies to dividend income within the dividend allowance.

The trust rate of income tax is 45%. The dividend trust rate is 38.1%.

1 For 2017/18 for Scottish tax payers the basic rate band is 31,500. This applies only to non-savings, non-dividend income.


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Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 0118 919 7778