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Income Tax


Rates 2010/11 2009/10
Starting rate band 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 10% 10%
  higher rate taxpayers 32.5% 32.5%
  additional rate taxpayers 42.5% N/A
    
Trusts: standard rate band generally £1,000 £1,000
  dividends (rate applicable to trusts) 42.5% 32.5%
  other income (rate applicable to trusts) 50% 40%
       
Pre-owned assets tax minimum taxable as income £5,000 £5,000
   
* Not available if taxable non-savings income exceeds starting rate band

 

© 22 June 2010. For general information only. Subject to the Finance Act 2010. It is recommended you seek competent professional advice before acting.
Last Updated 

The FSA does not regulate taxation advice.

Levels, bases of and reliefs from taxation may be subject to change.