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Income Tax Rates

560 315 Eleonore Bylo

Income Tax Rates 2022/23

Non-savings, non-dividend income – England, Wales, NI

2021/22 Band 2022/23 Band
Basic rate: 20% £0 – £37,700 Basic rate: 20% £0 – £37,700
Higher rate: 40% £37,701 – £150,000 Higher rate: 40% £37,701 – £150,000
Additional rate: 45% Over £150,000 Additional rate: 45% Over £150,000

Non-savings, non-dividend income – Scotland

2021/22 Band 2022/23 Band
Stater rate: 19% £0 – £2,097 Stater rate: 19% £0 – £2,162
Basic rate: 20% £2,098 – £12,726 Basic rate: 20% £2,163 – £13,118
Intermediate rate: 21% £12,727 – £31,092 Intermediate rate: 21% £13,119 – £31,092
Higher rate: 41% £31,093 – £150,000 Higher rate: 41% £31,093 – £150,000
Top rate: 46% Over £150,000 Top rate: 46% Over £150,000

Savings and dividend income – UK

  2021/22 2022/23
Savings income – basic rate 20%* 20%*
Savings income – higher rate 40% 40%
Savings income – additional rate 45% 45%
Dividends – basic rate 7.5% 8.75%
Dividends – higher rate 32.5% 33.75%
Dividends – additional rate 38.1% 39.35%

*0% starting rate on up to £5,000 of savings income for 2021/22 & 2022/23.

Not available if non-savings/non-dividend income exceeds this limit.

Trusts Standard Rate Band £1,000

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