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Income Tax Rates

2010/11

2009/10

Band £ Rate % Band £ Rate %
0 - 2,440 10* 0 - 2,440 10*
2,441 - 37,400 20** 2,441 - 37,400 20**
37,401 - 150,000 40*** Over 37,400 40***
Over 150,000 50****    

*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £2,440.

** Except dividends (10%).

*** Except dividends (32.5%).

**** Except dividends (42.5%).

Other income taxed first, then savings income and finally dividends.