|
Income Tax Rates
|
2011/12 |
2010/11 |
| Band
£ |
Rate % |
Band
£ |
Rate % |
| 0
- 2,560 |
10* |
0
- 2,440 |
10* |
| 0
- 35,000 |
20** |
0
- 37,400 |
20** |
| 35,001
- 150,000 |
40*** |
37,401
- 150,000 |
40*** |
| Over
150,000 |
50**** |
Over
150,000 |
50**** |
*Only applicable to dividends
and savings income. The
10% rate is not available
if taxable non-savings
income exceeds £2,560
(£2,440).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends
(42.5%).
Other income taxed first,
then savings income and
finally dividends.
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