What is Individual Income Tax Rates in UK? Tax Rates for 2011-12, 2012-13, 2013-14 in United Kingdom (Briton)

 

 

 

United Kingdom Income Tax Rates for 2014, 2013, 2012 and 2011

Individual Income Tax Rates

Taxable Bands

Income Tax Rate %

Year

2013-14

Year

2012-13

Year

2011-12

Starting Rate for Saving

10*

0-2,790

0-2,710

0-2,560

 

Basic Rate

20

0-32,010

0-34,370

0-35,000

 

Higher Rate

40

32,011-150,000

34,371-150,000

35,001-150,000

 

Additional Rate

50

NA

Above 150,000

Above 150,000

 

From April 6 2013

45

Above 150,000

NA

NA

 

 

 

 

 

Notes 

*Starting rate of 10% applies to Savings Income only.

If the non saving income is above this limit after deducting Personal Allowance from Total Income, this rate will not apply.

Income from employment, profits from self employment, pensions, income from property and all taxable benefits will include in non-savings income.

Rates for dividends are 10% ordinary rate, 32.5% dividend upper rate and the dividend additional rate of 42.50%. Dividend additional rate is 37.50% from 2013-14

Figures are indicative only. Please recheck it with respective department for maximum accuracy and updated figures.

 

 

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