Personal Taxation
Income Tax Rates and Allowances
| Rates of income tax |
2013/14 |
2012/13 |
|
£ |
£ |
|
| 10% starting rate (for savings | ||
|
income only) to: |
2,790 |
2,710 |
| 20% basic rate on income to: |
32,010 |
34,370 |
| 40% higher rate on income to: |
150,000 |
150,000 |
| Additional rate thereafter: |
45% |
50% |
| Higher rate on dividends |
32.5% |
32.5% |
|
– effective rate with tax credit |
25% |
25% |
| Additional rate on dividends |
37.5% |
42.5% |
|
– effective rate with tax credit |
30.6% |
36.1% |
| Personal allowances |
|
|
Personal allowance 9,440t 8,105t
Registered blind person 2,160 2,100
t Reduced £1 for £2 where income exceeds £100,000