Tax tables 2021 professional#

(Transferable unused personal allowance for married couples and civil partners born after 5 April 1935) Income Tax allowances and reliefs Marriage allowance

The £1,000 band is shared between all trusts created by the same settlor subject to a minimum of £200 per trust.

* The first £1,000 of taxable trust income is charged at 20%, or 8.75% for dividend income. Savings and investment income continues to be taxed at the UK rates. The Scottish rates and bands apply to non-savings income such as salary, pension and rental income. Scottish resident taxpayers – non-savings income Over £150,000 For 2021/21, this was taxed at 7.5% (income up to the basic rate), 32.5% (higher rate) and 38.1% (additional rate). ** The basic rate band will be frozen at £37,700 until April 2026.ĭividend income in 2022/23 is taxed at 8.75% (income up to the basic rate), 33.75% (higher rate) and 39.35% (additional rate). Every individual has a dividend allowance of £2,000. Dividends within the allowance are taxed at 0%. The £5,000 band reduces by £1 for every £1 of non-savings income over the personal allowance, £12,570 in 2021/22 and 2022/23. If an individual's taxable non-savings income is over £17,570 (2021/22 or 2022/23) the 0% starting rate for savings won't apply. * There's a starting rate band taxed at 0% which applies to savings income up to a maximum of £5,000. Individual Savings Accounts (ISA) limits.National Insurance rates & contributions.Capital Gains Tax rates for individuals.Jump to the following sections of this guide:

Tax tables 2021 professional#

Provided for information only - further professional advice may be needed for individual circumstances.

Quick reference guide for essential tax rates, thresholds and allowances.