(ITA 2007, s. 6–15)

(In-depth: ¶148-060ff.)

2012–13

Taxable income band

Tax rate

Tax on band

£

%

£

 Basic rate

1–34,370 

20

 6,874

 Higher rate

34,371–150,000 

40

46,252

 Additional rate

Over 150,000 

50

 Rate on non-dividend savings income

10% up to £2,710(1)

20% up to basic rate limit

40% up to higher rate limit

50% thereafter

 Dividend ordinary rate

10% up to basic rate limit

(effective rate with tax credit)

(0%)

 Dividend higher rate

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