Income Tax Rates and bands (other than savings and dividend income) 2022/23
2021/22
Band £
Rate % Band £
Rate %
0 - 37,700
20 0 - 37,700
20 40
37,701 - 150,000
40 37,701 - 150,000
Over 150,000 45 Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved. Savings income 2022/23 and 2021/22 Savings allowance basic rate £1,000 Savings allowance higher rate £500 A starting rate of 0% may be available unless taxable non-savings income exceeds £5,000. Dividend income 2022/23 2021/22 Dividend allowance £2,000 £2,000 Dividend ordinary rate 8.75% 7.5% Dividend upper rate 33.75% 32.5% Dividend additional rate 39.35% 38.1% Income Tax Reliefs 2022/23 2021/22 Personal allowance £12,570 £12,570 Personal allowance income limit £100,000 £100,000 Marriage allowance £1,260 £1,260 Married couple’s allowance £9,415 £9,125 - minimum amount £3,640 £3,530 - income limit £31,400 £30,400 Blind person’s allowance £2,600 £2,520 Individual Savings Accounts 2022/23 2021/22 Overall investment limit £20,000 £20,000 Junior account investment limit £9,000 £9,000 45 Over 150,000
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