Tax Rates & Allowances 2014/15
Income Tax Rates
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.