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Income Tax Rates

2014/15
£
10% lower rate tax – savings rate only Up to 2,880
20% basic rate tax Up to 31,865
40% higher rate tax 31,866 – 150,000
45% additional rate tax Above £150,000
2013/14
£
10% lower rate tax – savings rate only Up to 2,790
20% basic rate tax Up to 32,010
40% higher rate tax 32,011 – 150,000
45% additional rate tax Above £150,000
2012/2013
£
10% lower rate tax – savings rate only up to 2,710
20% basic rate tax up to 34,370
40% higher rate tax 34,370 to 150,000
50% additional rate tax Above £150,000
2011/2012
£
10% lower rate tax – savings rate only up to 2560
20% basic rate tax up to 35,000
40% higher rate tax 35,000 to 150,000
50% additional rate tax Above £150,000