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Tax Card 2020/21

Taxable Income Bands and Tax Rates

2020/21 2019/20
Starting rate* of 0% on savings up to £5,000 £5,000
Basic rate band £37,500 £37,500
Higher rate band £37,501 – £150,000 £37,501 – £150,000
Additional rate band Above £150,000 Above £150,000
Basic rate 20% 20%
Higher rate 40% 40%
Additional rate 45% 45%
Dividend ordinary rate 7.5% 7.5%
Dividend upper rate 32.5% 32.5%
Dividend additional rate 38.1% 38.1%

*The starting rate does not apply if taxable income exceeds the starting rate limit

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