Income Tax Rates and bands (other than savings and dividend income) 2025/26 2024/25 Band £ Rate % Band £
Rate %
0 - 37,700
20 0 - 37,700
20 40
37,701 - 125,140
40 37,701 - 125,140
Over 125,140 45 Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved. Savings income 2025/26 and 2024/25 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 2025/26 2024/25 Dividend allowance £500 £500 Dividend ordinary rate 8.75% 8.75% Dividend upper rate 33.75% 33.75% Dividend additional rate 39.35% 39.35% Income Tax Allowances 2025/26 2024/25 Personal allowance £12,570 £12,570 Personal allowance income limit £100,000 £100,000 Marriage allowance £1,260 £1,260 Married couple’s allowance £11,270 £11,080 - minimum amount £4,360 £4,280 - income limit £37,700 £37,000 Blind person’s allowance £3,130 £3,070 Inheritance Tax Death rate Lifetime rate 45 Over 125,140 Chargeable transfers 2025/26 and 2024/25
Nil
Nil
0 - £325,000 (nil rate band)
40% Over £325,000 A further nil rate band of £175,000 may be available in relation to current or former residences. 20%
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