(In-depth: ¶148-060ff.)

2006–07

Taxable income band

Tax rate

Tax on band

£

%

£

 Starting rate

0–2,150 

10

  215.00

 Basic rate

2,151–33,300 

22

6,853.00

 Higher rate

Over 33,300 

40

 Rate on non-dividend savings income

10% up to starting rate limit

20% up to basic rate limit

40% thereafter

 Dividend ordinary rate

10% up to basic rate limit

(effective rate with tax credit)

(0%)

 Dividend upper rate

32.5% above basic rate limit

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