Coman & Company – Chartered Certified Accountants - South London

You are here: Home Advice Rates Income Tax Rates

Income Tax Rates

2009/10 2008/09
% £ £
Starting rate* 10 1 - 2,440 1 - 2,320
Basic rate 20 1 - 37,400 1 - 34,800
Higher rate 40 37,400 + 34,800 +
Dividend basic rate 10 1 - 37,400 1 - 34,800
Dividend higher rate 32.5 37,400 + 34,800 +
Trust starting rate 20 1 - 1,000 1 - 1,000
Trust dividend starting rate 10 1 - 1,000 1 - 1,000
Trust higher rate 40 1,000 + 1,000 +
Trust dividend higher rate 32.5 1,000 + 1,000 +

*Not applicable if non-savings income is above starting rate.

From 2010/11, a new 50% rate will apply to savings and non-savings income, and 42.5% to dividend income, over £150,000.