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Income Tax Rates and Bands

2010/11 2009/10
Starting rate on band * (see note) 2,440 2,440
Basic rate band 37,400 37,400
Higher rate band 37,401-150,000 over 37,400
Additional rate over 150,000 -
* Starting rate band is within basic rate band and applies to savings income only; if taxable general income exceeds the band, the 10% rate is not available.
Tax rates
Rates differ for General/Savings/Dividends
2010/11 2009/10
G S D G S D
Starting rate N/A 10% 10% N/A 10% 10%
Basic rate 20% 20% 10% 20% 20% 10%
Higher rate 40% 40% 32.5% 40% 40% 32.5%
Additional rate 50% 50% 42.5% - - -
General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividends. Discretionary trusts: basic rate as above applies to the first

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