2019/20 Income Tax

Income Tax Rates

Rates and Bands (other than savings and dividend income)

Band £ 2019-20 Band £ 2018-19
0 to 37,500 20% 0 to 34,500 20%
37,501 to 150,000 40% 34,501 to 150,000 40%
Over 150,000 45% Over 150,000 45%

Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.

Savings Income

  2019-20 2018-19
Savings allowance basic rate £1,000 £1,000
Savings allowance higher rate £500 £500

A starting rate of 0% may be available unless taxable non-savings income exceeds %5,000.

Dividened Income

  2019-20 2018-19
Dividend allowance £2,000 £2,000
Dividend ordinary rate 7.5% 7.5%
Dividend upper rate 32.5% 32.5%
Dividend additional rate 38.1% 38.1%

 

Income Tax Reliefs

  2019-20 2018-19
Personal allowances (PA) £12,500 £11,850
Marriage Allowance £1,250 £1,190
Marriage Allowance Income Limit £100,000 £100,000
Married couple’s Allowance £8,915 £8,695
 - Minimum Amount £3,450 £3,360
 - Income Limit £29,600 £28,900
Blind Person's Allowance £2,450 £2,390