Tax Tables

Income Tax Rates

Income Tax - taxable bands	2010/11 (£)	2009/10 (£)
Starting rate: 10%:	-	-
Basic rate: 20%:	£0 - £37,400	£0 - £37,400
Higher rate: 40%	£37,400 - £150,000	£37,400 +
Additional Rate: 50%	£150,000 +

*for 2009/10 only applicable on savings income where it is below £2,440.00., and for 2010/11 below £2,440.00.

Dividends
Basic rate taxpayers	10%	10%
Higher rate taxpayers	32.5%	32.5%
Additional rate taxplayers	42.5%

Pre-owned assets tax (£5,000 taxable threshold)	As income	As income

Discretionary and Relevant Property Trusts*
Standard rate band	1,000	1,000
Dividends (rate applicable to trusts - RAT)	42.5%	32.5%
Other income (rate applicable to trusts - RAT)	50%	40%

*from 6/4/2008 A&M trusts can only be created by a parent's will, all other trusts will fall under the RPT regime.

Interest In Possession Trusts
UK Dividends	10%	10%
Savings, rent and trading	20%	20%