Income Tax

Rates		2010/11	2009/10
Starting rate band of 10% on savings income up to*		£2,440	£2,440
Basic rate of 20% on income up to		£37,400	£37,400
Higher rate of 40% on income		£37,401- £150,000	£37,401 and over
Additional rate of 50% on income over		£150,000	N/A

Dividends for:	basic rate taxpayers	10%	10%
	higher rate taxpayers	32.5%	32.5%
	additional rate taxpayers	42.5%	N/A

Trusts:	standard rate band generally	£1,000	£1,000
	dividends (rate applicable to trusts)	42.5%	32.5%
	other income (rate applicable to trusts)	50%	40%

Pre-owned assets tax minimum taxable as income		£5,000	£5,000

* Not available if taxable non-savings income exceeds starting rate band

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Tax Tables