UK TAX RATES AND BANDS
INCOME TAX ALLOWANCES |
2016/2017 |
2017/2018 |
Personal allowance |
11,000 |
11,500 |
Income limit for personal allowance (1) |
100,000 |
100,000 |
Income limit for married couples allowance (2) |
27,700 |
28,000 |
Married couple’s allowance (3): |
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Maximum amount of married couple’s allowance (people born before 6 April 1935) |
8,355 |
8,445 |
Minimum amount of married couple’s allowance |
3,220 |
3,260 |
Marriage allowance (3) |
1,100 |
1,150 |
Blind person’s allowance |
2,290 |
2,320 |
Dividend allowance (4) |
5,000 |
5,000 |
Personal savings allowance (5): |
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Basic rate taxpayers |
1,000 |
1,000 |
Higher rate taxpayers |
500 |
500 |
INCOME TAX RATES AND TAXABLE BANDS |
2016/2017 |
2017/2018 |
Starting rate for savings: 0%* |
0–5,000 |
0–5,000 |
Basic rate: 20% |
0–32,000 |
0–33,500 |
Higher rate: 40% |
32,001–150,000 |
33,501–150,000 |
Additional rate: 45% |
Over 150,000 |
Over 150,000 |
*From 2008/09 there is a starting rate for savings income only. If non-savings income is above this limit then the starting rate for savings will not apply. |