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Tax Tables

Income Tax Rates

Income tax allowances

2024/25

2023/24

2022/23

Personal allowance

Basic allowance £12,570 £12,570 £12,570
Income limit for personal allowance £100,000 £100,000 £100,000
Dividend allowance £500 £1,000 £2,000

Marriage/civil partnership allowances

2024/25

2023/24

2022/23

Marriage allowance transferable tax limit (born after 6 April 1935) £1,260 £1,260 £1,260
Married couples allowance maximum (born before 6 April 1935) £11,080 £10,375 £9,415
Married couples allowance minimum (born before 6 April 1935) £4,280 £4,010 £3,640
Income limit for married couples allowance (born before 6 April 1935) £37,000 £34,600 £31,400

Savings allowances

2024/25

2023/24

2022/23

Basic rate £1,000 £1,000 £1,000
Higher rate £500 £500 £500
Additional rate £0 £0 £0

Other allowances

2024/25

2023/24

2022/23

Blind person's allowance £3,070 £2,870 £2,600
Rent-a-room tax free home income (restricted to £3,750 if letting jointly) £7,500 £7,500 £7,500
Pre-owned assets de-minimis £5,000 £5,000 £5,000
 

Income tax - taxable bands

2024/25

2023/24

2022/23

Starting rate for savings 0% £0 - £5,000 £0 - £5,000 £0 - £5,000
Basic rate 20% £0 - £37,700 £0 - £37,700 £0 - £37,700
Higher rate 40% £37,701 - £125,140 £37,701 - £125,140 £37,701 - £150,000
Additional rate 45% £125,401+ £125,401+ £150,001 +
 

Dividend rates

2024/25

2023/24

2022/23

Basic rate 8.75% 8.75% 8.75%
Higher rate 33.75% 33.75% 33.75%
Additional rate 39.35% 39.35% 39.35%
 

Discretionary and relevant property trusts

2024/25

2023/24

2022/23

Starting rate band £500 £1,000 £1,000
Starting dividend rate 8.75% 8.75% 8.75%
Dividends above the starting rate 39.95% 39.35% 39.35%
Other income above the starting rate 45.00% 45.00% 45.00%
 

Interest in possession trusts

2024/25

2023/24

2022/23

UK dividends 8.75% 8.75% 8.75%
Savings, rent and trading 20.00% 20.00% 20.00%
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