Income Tax Rates |
|
05-06 |
04-05 |
| 10% on first |
£2,090 |
£2,020 |
| 22% (20% for savings income)
on next |
£30,310 |
£29,380 |
| 40% on income over |
£32,400 |
£31,400 |
| Dividends for: |
basic rate taxpayers
higher
rate taxpayers |
10%
32.5% |
10%
32.5% |
| Trusts: |
basic rate band
dividends (rate
applicable to trusts)
other income (rate applicable to trusts) |
£500
32.5%
40%
|
N/A
32.5%
40% |
| Pre-owned assets tax
(£5,000 minimum taxable) |
As
income |
N/A |
|
| © Copyright March 2005, subject to Finance Act |
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