Budget 2006

Income Tax Rates

Savings income (excluding dividends) is taxed at 10% within the starting rate band and at 20% within the basic rate band

Rate applicable to discretionary and accumulation and maintenance trusts is 40% above standard rate band of £1,000 (£500 2005/2006); within this band tax rate is 10%, 20% or 22% depending on nature of income

* Starting rate band
† Basic rate band

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.