Income Tax Rates

2015/16		2014/15
Band £	Rate %	Band £	Rate %
0 – 5,000	0*	0 – 2,880	10*
0 – 31,785	20**	0 – 31,865	20**
31,786 – 150,000	40***	31,866 – 150,000	40***
Over 150,000	45****	Over 150,000	45****

*Only applicable to savings income. The rate is not available if taxable non-savings income exceeds £5,000 (£2,880).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends (37.5%).
Other income taxed first, then savings income and finally dividends.

Information updated 17 July 2015

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Income Tax Rates 2015/16

Income Tax Rates

2015/16

2014/15