Income Tax Rates 2014/15

2014/15

2013/14
Band £ Rate % Band £ Rate %
0 – 2,880 10* 0 – 2,790 10*
0 – 31,865 20** 0 – 32,010 20**
31,866 – 150,000 40*** 32,011 – 150,000 40***
Over 150,000 45**** Over 150,000 45****

*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £2,880 (£2,790).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends (37.5%).
Other income taxed first, then savings income and finally dividends.