Income Tax Rates

Income tax allowances		2022/23	2021/22	2020/21
Personal allowances
Basic allowance		£12,570	£12,500	£12,500
Income limit for personal allowance		£100,000	£100,000	£100,000
Dividend allowance		£2,000	£2,000	£2,000

Marriage/civil partnership allowances		2022/23	2021/22	2020/21
Transferable tax limit		£1,260	£1,260	£1,250
Married couples/civil partnerships allowance maximum (born before 6 April 1935)		£9,415	£9,125	£9,075
Married couples/civil partnerships allowance maximum (born on/after 6 April 1935)		£3,640	£3,530	£3,510
Income limit for married couples/civil partnerships allowance		£31,400	£30,400	£30,200

Savings allowances		2022/23	2021/22	2020/21
Basic rate		£1,000	£1,000	£1,000
Higher rate		£500	£500	£500
Additional rate		£0	£0	£0

Other allowances		2022/23	2021/22	2020/21
Blind person's allowance		£2,600	£2,500	£2,500
Rent-a-room tax free home income (restricted to £3,750 if letting jointly)		£7,500	£7,500	£7,500
Pre-owned assets de-minimis		£5,000	£5,000	£5,000


Income tax - taxable bands		2022/23	2021/22	2020/21
Savings	0%	£0 - £5,000	£0 - £5,000	£0 - £5,000
Basic rate	20%	£0 - £37,700	£0 - £37,700	£0 - £37,500
Higher rate	40%	£37,701 - £150,000	£37,701 - £150,000	£37,501 - £150,000
Additional rate	45%	£150,001 +	£150,001 +	£150,001 +

Dividend rates		2022/23	2021/22	2020/21
Basic rate		8.75%	7.5%	7.5%
Higher rate		33.75%	32.5%	32.5%
Additional rate		39.35%	38.1%	38.1%

Discretionary and relevant property trusts		2022/23	2021/22	2020/21
Starting rate band		£1,000	£1,000	£1,000
Starting dividend rate		8.75%	7.5%	7.5%
Dividends above the starting rate		39.35%	38.1%	38.1%
Other income above the starting rate		45%	45%	45%

Interest in possession trusts		2022/23	2021/22	2020/21
UK dividends		8.75%	7.5%	7.5%
Savings, rent and trading		20%	20%	20%