| Rate Band: |
2011
/ 12
|
2010
/ 11
|
| Starting rate of 10% on savings income up to |
£2,560
|
£2,440
|
| Basic rate of 20% on income up to |
£35,000
|
£37,400
|
| Higher rate of 40% on income |
£35,001-£150,000
|
£37,401-£150,000
|
| Additional rate of 50% on income over |
£150,000
|
£150,000
|
| Dividends for starting & basic rate taxpayers |
10%
|
10%
|
| Dividends for higher rate taxpayers |
32.5%
|
32.5%
|
| Dividends for additional rate taxpayers |
42.5%
|
42.5%
|
| Trusts - standard rate band generally |
£1,000
|
£1,000
|
| Trusts - dividends (rate applicable to trusts) |
42.5%
|
42.5%
|
| Trusts - other income (rate applicable to trusts) |
50%
|
50%
|
| Pre-owned assets tax minimum taxable as income |
£5,000
|
£5,000
|