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Budget 2009 - Personal Taxation
Income Tax Rates
| Rate | 2009/2010 | 2008/2009 |
|---|---|---|
| % | £ | £ |
| 10 | 1-2,44012 | 1-2,3202 |
| 20 | 1-37,4003 | 1-34,8003 |
| 40 | over 37,400 | over 34,800 |
- Savings income (excluding dividends) is taxed at 10% within the savings rate band.
- Rate applicable to discretionary and accumulation and maintenance trusts is 40% above standard rate band of £1000; within this band tax rate is 10% or 20% depending on the nature of income.
See also Taxation of Dividends
1 Savings rate band.
2 Only available to extent taxable non-savings income is less than savings rate band.
3 Basic rate band..
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