Current Income Tax rates
For more detailed information visit the HMRC Website
| RATES | 2024/25 | 2025/26 | 2026/27 |
|---|---|---|---|
| Basic rate of 20% on income up to… | £37,700 | £37,700 | £37,700 |
| Higher rate of 40% on income… | £37,501 to £125,140 | £37,701 to £125,140 | £37,700 to £125,140 |
| Additional rate of 45% on income | £125,000 | £125,000 | £125,000 |
| Starting rate of 0% for savings up to | £5,000 | £5,000 | £5,000 |
| Dividends: basic rate taxpayers | 8.75% | 8.75% | 10.75% |
| Higher rate taxpayers | 33.75% | 33.75% | 35.75% |
| Additional rate taxpayers | 39.351% | 39.35% | 39.35% |
| PERSONAL ALLOWANCES | 2024/25 | 2025/26 | 2026/27 |
|---|---|---|---|
| Personal allowance | £12,570 | £12,570 | £12,570 |
| Income limit for personal allowance | £100,000 | £100,000 | £100,000 |
| Trading allowance | £1,000 | £1,000 | £1,000 |
| Property allowance | £1,000 | £1,000 | £1,000 |
| SAVINGS AND INVESTMENTS | 2024/25 | 2025/26 | 2026/27 |
|---|---|---|---|
| Dividend allowance | £500 | £500 | £500 |
| Personal savings allowance | |||
| – basic rate taxpayers | £1,000 | £1,000 | £1,000 |
| – higher rate taxpayers | £500 | £500 | £500 |
| – additional rate taxpayers | £nil | £nil | £nil |