Tax rates 2018-19

The income tax rates and bands applicable for 2018-19 are:

2018-19
Basic rate 20%
Higher rate 40%
Additional rate 45%
Starting rate for savings income 0%
Dividend ordinary rate 7.5%
Dividend upper rate 32.50%
Dividend additional rate 38.10%
Trust rate 45%
£
Starting rate limit (savings income) 5,000
Basic rate band 0 – 34,500
Higher rate band 34,501 – 150,000
Additional rate band Over 150,000

Notes

1. The 0% starting rate for savings is not available for savings income if your taxable non-savings income exceed £5,000 (the starting rate limit).

2. Dividend income is reduced by the dividend tax credit.