Income Tax rates and bands
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2011/12
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2010/11
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Starting rate on band * (SRB)
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2,560
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2,440
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Basic rate band (BRB)
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35,000
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37,400
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Higher rate band (HRB)
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35,001-150,000
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37,40-150,000
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Additional rate
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over 150,000
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over 150,000
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* SRB is within BRB and applies to savings income only. If taxable general income exceeds the SRB, the 10% rate is not available for savings income.
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Tax rates
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2011/12
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and 2010/11
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Rates differ for General/Interest/Dividends
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G
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S
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D
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Starting rate
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N/A
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10%
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10%
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Basic rate
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20%
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20%
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10%
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Higher rate
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40%
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40%
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32.5%
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Additional rate
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50%
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50%
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42.5%
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General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividends. Discretionary trusts: basic rate as above applies to the first £1,000 of income, then additional rate.
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