Rates and allowances

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2016/17:
Type Band of taxable income (£) Rate (%) Dividend rate (%)
Starting rate for savings 0 - 5,000 0 N/a
Basic rate 0 - 32,000 20 7.5
Higher rate 32,001 - 150,000 40 32.5
Additional rate Over 150,000 45 38.1
Savings Allowance:
Banding of taxpayer Amount (£)
Basic rate 1,000
Higher rate 500
Additional rate 0
Dividend Allowance:
Banding of taxpayer Amount (£)
All 5,000
2015/16:
Type Band of taxable income (£) Rate (%) Dividend rate (%)
Starting rate for savings 1 0 - 5,000 0 N/a
Basic rate 0 - 31,785 20 10
Higher rate 31,785 - 150,000 40 32.5
Additional rate Over 150,000 45 37.5

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