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
Venture Capital Schemes
Research & Development Relief
 
 
 

Income Tax Rates

2010/11  

Taxable

Income £

Rate %

0 - 37,400

20

Over 37,400

40

Over 150,000

50

 

2009/10
0 - 37,400

20

over 37,400

40

   
 

Savings income is generally treated as the highest part of total income. A 10% starting rate, for savings income only, applies to the extent that such income falls within the first £2,440 of taxable income (£2,440 for 2009/2010) If taxable not-savings income exceeds this limit, the 10% rate does not apply. Income from dividends is taxed at 10% within the starting and basic rate tax bands and at 32.5% in the higher rate band and, for 2010/11, at 42.5% thereafter (these rates are applied to the dividend grossed-up by a tax credit of 1/9).

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© Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 01189 588535
Email: mjg@hi-nrg.co.uk