Income Tax Rates
| 2008/09 | 2007/08 | ||
|---|---|---|---|
| Band £ |
Rate % |
Band £ |
Rate % |
| 0 - 2,320 | 10 ** | 0 - 2,230 | 10 |
| 2.321 - 34,800* | 20 *** | 2,231 - 34,600 | 22 *** |
| Over 34,800* | 40 † | Over 34,600 | 40 † |
- *
- As announced on 13 May 2008 and confirmed in the Finance Act.
- **
- Only applicable to dividends and savings income.
- ***
- Except dividends (10%) and, in 2007/08, savings income (20%).
- †
- Except dividends (32.5%).
Other income taxed first, then savings income and finally dividends.