UK Income Tax Bands and Relief for 2018-19 & 2017-18

Bands2018-192017-18
Savings starting rate - 0%*£0 - £5,000£0 - £5,000
Basic rate - 20%£0 - £34,499£0 - £33,500
Higher rate - 40%£34,501 - £150,000£33,501 - £150,000
Additional rate - 45%Over £150,000Over £150,000
*Savings income is taxed at 0% up to £5,000 . If an individuals taxable non-savings income exceeds £5,000, then the starting rate limit for savings will not be available.
Dividend allowance£2,000£5,000
Dividend ordinary rate7.5%7.5%
Dividend upper rate32.5%32.5%
Dividend additional rate38.1%38.1%

Personal savings allowance

-basic rate taxpayers

-higher rate taxpayers

 

£1,000

£500

 

£1,000

£500

Reliefs2018-192017-18
Personal allowance£11,850£11,500
Registered blind person's allowance£2,390£2,320
Income limit for personal allowance*£100,000£100,000
* The personal allowance is gradually withdrawn by £1 for every £2 of income over £100,000

Married couples allowance - tax relief given at 10%

-Born before 6 April 1935

-Minimum amount

-Income limit

 

£8,695

£3,360

£28,900

 

£8,445

£3,260

£28,000

Marriage allowance*£1,185£1,150
* A tax payer can transfer up to £1,185 (2017-18: £1,150) of their unused personal allowance to a spouse or civil partner who is not a higher rate tax payer.
High Income Child Benefit Charge* on income over£50,000£50,000
* The tax charge is levied at the rate of 1% of the full Child Benefit award for each £100 that income exceeds £50,000, up to a maximum of 100% of the Child Benefit claimed. Taxpayers can choose whether to continue receiving Child Benefit and pay the tax charge or may opt out of receiving the Child Benefit.
There is a cap on certain Income Tax reliefs of the greater of £50,000 or 25% of income.
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