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Online Resources > Tax Rates & Allowances >
Income Tax Bands & Rates
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2008-09 |
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2007-08 |
Taxable
Bands |
Rate |
Taxable
Bands |
Rate |
0 - 2,320 |
10%* |
0 - 2,230 |
10% |
2,321 - 34,800 |
20%** |
2,231 - 34,600 |
22%** |
Over 34,800 |
40%*** |
Over 34,600 |
40%*** |
* Only applies to savings income
** Dividends taxed at 10% (and savings income 20% in 2007/08)
*** Dividends taxed at 32.5% of the gross dividend.
Other income is taxed first, then savings and then dividends.
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