Income Tax
| Rates |
09-10 |
08-09 |
| 10% starting rate band on savings income up to* |
£2,440 |
£2,320 |
| Basic rate |
20% |
20% |
| Higher rate of 40% on income over |
£37,400 |
£34,800 |
| Dividends for: |
basic rate taxpayers
higher rate taxpayers |
10%
32.5% |
10%
32.5% |
| |
|
|
|
| Trusts: |
standard rate band generally
dividends (rate applicable to trusts)
other income (rate applicable to trusts) |
£1,000
32.5%
40% |
£1,000
32.5%
40% |
| Pre-owned assets tax minimum taxable as income |
£5,000 |
£5,000 |
|
|
