Income Tax
Main personal allowances and reliefs |
22/23 |
21/22 |
Personal allowance* |
£12,570 |
£12,570 |
Marriage/civil partner’s transferable allowance |
£1,260 |
£1,260 |
Married couple’s/civil partner’s allowance at 10%† |
|
|
£3,640 |
£3,530 |
|
Blind person’s allowance |
£2,600 |
£2,520 |
Rent-a-room relief |
£7,500 |
£7,500 |
Property allowance |
£1,000 |
£1,000 |
Trading allowance |
£1,000 |
£1,000 |
* Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000
† Married couple’s/civil partner’s allowance reduced by £1 for every £2 of adjusted net income over £31,400 (£30,400 for 2021/22), until minimum reached
UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income |
22/23 |
21/22 |
20% basic rate on first slice of taxable income up to |
£37,700 |
£37,700 |
40% higher rate on next slice of taxable income over |
£37,700 |
£37,700 |
45% additional rate on taxable income over |
£150,000 |
£150,000 |
Scottish taxpayers – non-dividend, non-savings income |
22/23 |
21/22 |
19% starter rate on taxable income up to |
£2,162 |
£2,097 |
20% basic rate on next slice up to |
£13,118 |
£12,726 |
21% intermediate rate on next slice up to |
£31,092 |
£31,092 |
41% higher rate on next slice up to |
£150,000 |
£150,000 |
46% top rate on income over |
£150,000 |
£150,000 |
All UK taxpayers |
|
|
|
Starting rate at 0% on band of savings income up to** |
£5,000 |
£5,000 |
|
Personal savings allowance at 0%: Basic rate |
£1,000 |
£1,000 |
|
Dividend allowance at 0%: All individuals |
£2,000 |
£2,000 |
|
Tax rates on dividend income: |
Basic rate |
8.75% |
7.5% |
|
Higher rate |
33.75% |
32.5% |
|
Additional rate |
39.35% |
38.1% |
Trusts: Standard rate band generally |
£1,000 |
£1,000 |
|
Rate applicable to trusts: |
|
|
|
Other income |
45% |
45% |
|
** Not available if taxable non-savings income exceeds the starting rate band
High Income Child Benefit Charge: 1% of benefit per £100 of adjusted net income between £50,000–£60,000 |
Non-domicile remittance basis charge after UK residence in at least: |
22/23 |
21/22 |
7 of the last 9 tax years |
£30,000 |
£30,000 |
