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Income Tax Rates
Income Tax Rates
|
Income Tax bands of taxable income |
2026/27 |
2025/26 |
2024/25 |
| Basic rate | £1 to £37,700 | £1 to £37,700 | £1 to £37,700 |
| Higher rate | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 |
| Additional rate | £125,401 + | £125,401 + | £125,401 + |
|
Starting rate for savings income |
2026/27 |
2025/26 |
2024/25 |
| Starting rate limit for savings | £5,000 | £5,000 | £5,000 |
|
Employment and pension rates |
2026/27 |
2025/26 |
2024/25 |
| Basic rate | 20% | 20% | 20% |
| Higher rate | 40% | 40% | 40% |
| Additional rate | 45% | 45% | 45% |
|
Property rates |
2026/27 |
2025/26 |
2024/25 |
| Basic rate | 20% | 20% | 20% |
| Higher rate | 40% | 40% | 40% |
| Additional rate | 45% | 45% | 45% |
|
Savings rates |
2026/27 |
2025/26 |
2024/25 |
| Starting rate for savings | 0% | 0% | 0% |
| Basic rate | 20% | 20% | 20% |
| Higher rate | 40% | 40% | 40% |
| Additional rate | 45% | 45% | 45% |
|
Dividend rates |
2026/27 |
2025/26 |
2024/25 |
| Basic rate | 10.75% | 8.75% | 8.75% |
| Higher rate | 35.75% | 33.75% | 33.75% |
| Additional rate | 39.35% | 39.35% | 39.35% |
|
Income Tax rates for trustees' income |
2026/27 |
2025/26 |
2024/25 |
| Dividend ordinary rate | 10.75% | 8.75% | 8.75% |
| Non-dividend income basic rate | 20.00% | 20.00% | 20.00% |
| Dividend above ordinary rate | 39.35% | 39.35% | 39.35% |
| Non-dividend income above basic rate | 45.00% | 45.00% | 45.00% |
|
Default rates (for income not included elsewhere) |
2026/27 |
2025/26 |
2024/25 |
| Basic rate | 20% | 20% | 20% |
| Higher rate | 40% | 40% | 40% |
| Additional rate | 45% | 45% | 45% |
Personal allowance |
2026/27 |
2025/26 |
2024/25 |
| Basic allowance | £12,570 | £12,570 | £12,570 |
| Income limit for personal allowance | £100,000 | £100,000 | £100,000 |
Marriage and civil partnership allowances |
2026/27 |
2025/26 |
2024/25 |
| Marriage allowance transferable tax limit (born on or after 6 April 1935 | £1,260 | £1,260 | £1,260 |
| Married couples allowance maximum (born before 6 April 1935) | £11,700 | £11,270 | £11,080 |
| Married couples allowance minimum (born before 6 April 1935) | £4,530 | £4,360 | £4,280 |
| Income limit for married couples allowance (born before 6 April 1935) | £39,200 | £37,700 | £37,000 |
Personal savings allowance |
2026/27 |
2025/26 |
2024/25 |
| Basic rate taxpayers | £1,000 | £1,000 | £1,000 |
| Higher rate taxpayers | £500 | £500 | £500 |
| Additional rate taxpayers | £0 | £0 | £0 |
Other income tax allowances |
2026/27 |
2025/26 |
2024/25 |
| Blind person's allowance | £3,250 | £3,130 | £3,070 |
| Dividend allowance | £500 | £500 | £500 |
| Rent-a-room tax free home income (restricted to 50% if letting jointly) | £7,500 | £7,500 | £7,500 |
| Pre-owned assets de-minimis | £5,000 | £5,000 | £5,000 |
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