Income Tax Rates

Self Employed and Partnership
Profits, Employed Earnings, Rental Income

 

2013/14

2014/15

2015/16

Income Band

%

%

%

Band 1 Starting rate for savings

n/a

n/a

n/a

Band 2 Basic rate

20

20

20

Band 3 Higher Rate

40

40

40

Band 4 Additional Rate

45

45

45

 

Interest                       

 

2013/14

2014/15

2015/16

Income Band

%

%

%

Band 1 Starting rate for savings

10

10

n/a

Band 2 Basic rate

20

20

20

Band 3 Higher Rate

40

40

40

Band 4 Additional Rate

45

45

45

 

Dividends

 

2013/14

2014/15

2015/16

Income Band

%

%

%

Band 1 Starting rate for savings

n/a

n/a

n/a

Band 2 Basic rate

10

10

10

Band 3 Higher Rate

32.5

32.5

32.5

Band 4 Additional Rate

37.5

37.5

37.5