Factsheets and Online Resource

Income Tax Rates

Income tax rates (other than savings and dividend income)

2018/19

 

2017/18

Band (£) Rate (%)   Band (£) Rate (%)
0 - 34,500 20   0 - 33,500 20
34,501 - 150,000 40   33,501 - 150,000 40
Over 150,000 45   Over 150,000 45

Scottish income tax rates

Savings and dividend income are taxed using UK rates and bands.

2018/19

 

2017/18

Band (£) Rate (%)   Band (£) Rate (%)
0 - 2,000 19   0 - 31,500 20
2,001 - 12,150 20   31,501 - 150,000 40
12,151 - 31,580 21   Over 150,000 45
31,581 - 150,000 41      
Over 150,000 46      

Savings income

2018/19 and 2017/18

Starting rate for savings 0%
Starting rate limit for savings £5,000

£1,000 of savings income for basic rate taxpayers (£500 for higher rate) may be tax free.

Dividend income

2018/19 and 2017/18

Dividend ordinary rate 7.5%
Dividend upper rate 32.5%
Dividend additional rate 38.1%

The firt £2,000 (£5,000 of dividends are tax free).