UK INCOME TAX RATE FOR 2013, 2012 AND 2011

INCOME TAX RATE IN UNITED KINGDOM FOR INDIVIDUAL TAX PAYERS

 

Taxable Bands  

Income Tax Rate %

 

Year

2013-14

 

Year

2012-13

 

Year

2011-12

Starting Rate for Saving 10* 0-2,790 0-2,710 0-2,560

 

Basic Rate 20 0-32,010 0-34,370 0-35,000

 

Higher Rate 40 32,011-150,000 34,371-150,000

35,001-150,000

 

Additional Rate 50 NA Above 150,000 Above 150,000

 

From April 6 2013 45 Above 150,000 NA NA

 

 

Notes 

*Starting rate of 10% applies to Savings Income only.

If the non saving income is above this limit after deducting Personal Allowance from Total Income, this rate will not apply.

Income from employment, profits from self employment, pensions, income from property and all taxable benefits will include in non-savings income.

Rates for dividends are 10% ordinary rate, 32.5% dividend upper rate and the dividend additional rate of 42.50%. Dividend additional rate is 37.50% from 2013-14.

Figures are indicative only. Please recheck it with respective department for maximum accuracy and updated figures.

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