Income Tax
| Rates |
2010/11 |
2009/10 |
| Starting rate of 10% on savings income up to* |
£2,440 |
£2,440 |
| Basic rate of 20% on income up to |
£37,400 |
£37,400 |
| Higher rate of 40% on income |
£37,401 - £150,000 |
£37,401 and over |
| Additional rate of 50% on income over |
£150,000 |
N/A |
| |
| Dividends for: |
basic rate taxpayers
higher rate taxpayers
additional rate taxpayers |
10%
32.5%
42.5% |
10%
32.5%
N/A |
| |
| Trusts: |
standard rate band generally
dividends (rate applicable to trusts)
other income (rate applicable to trusts) |
£1,000
42.5%
50% |
£1,000
32.5%
40% |
| |
| Pre-owned assets tax minimum taxable as income |
£5,000 |
£5,000 |
|