Bands

2024-25

2023-24

Savings starting rate - 0%*

£1 - £5,000

£1 - £5,000

Basic rate 20%

£1 - £37,700

£1 - £37,700

Higher rate 40%

£37,701 - £125,140

£37,701 - £125,140

Additional rate 45%

Over £125,140

Over £125,140

Scottish rates
Starter rate 19% £1 - £2,306 £1 - £2,162
Basic rate 20% £2,307 - £13,991 £2,163 - £13,118

Intermediate rate - 21%

£13,992 - £31,092

£13,119 - £31,092

Higher rate - 42%

£31,093 - £62,430

 £31,093 - £125,140

Advanced rate - 45% £62, 431 - £125,140 -

Additional rate - 48% (2023-24: 47%)

Over £125,140

Over £125,140
     
Welsh rates
Starter rate 0%* £1 - £5,000  £1 - £5,000 
Basic rate 20% £1 - £37,700   £1 - £37,700
Higher rate - 40% £37,701 - £125,140  £37,701 - £125,140

Additional rate - 45%

Over £125,140 

 Over £125,140

* The savings starting rate does not apply if non-savings income exceeds £5,000. 

Income tax in Scotland and Wales is payable on non-savings and non-dividend income.

Dividend allowance £500  £1,000
Dividend ordinary rate 8.75% 8.75%
Dividend upper rate
33.75% 33.75%
Dividend additional rate
39.35% 39.35%
Personal savings allowance
- basic rate taxpayers
£1,000 £1,000
- higher rate taxpayers
£500

£500

Reliefs

2024-25

2023-24

Personal allowance

 £12,570  £12,570

Registered blind person's allowance

£3,070

£2,870

Income limit for personal allowance*

£100,000

£100,000

* The personal allowance is gradually withdrawn by £1 for every £2 of income over £100,000. 

Married couple allowance - tax relief given at 10%

- Born before 6 April 1935

£11,080

£10,375

- Minimum amount*

£4,280

£4,010

- Income limit

£37,000

£34,600

- Marriage allowance*
£1,260 £1,260

*A tax payer can transfer up to £1,260 (2023-24: £1,260) of their unused personal allowance to a spouse or civil partner who is not a higher rate taxpayer.

High Income Child Benefit Charge* on income over

£60,000

£50,000

* A tax charge of 1% is levied for each £200 (2023-24: £100) that income exceeds £60,000 (2023-24: £50,000) to a maximum of 100%.

There is a cap on certain Income Tax reliefs of the greater of £50,000 or 25% of income.

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