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Tax Tables

Income Tax Rates and Allowances
Income Tax allowances2021-222020-212019-202018-19
Personal Allowance£12,570£12,500£12,500£11,850
Personal Allowance reduced by £1 for every £2 of net income over£100,000£100,000£100,000£100,000
Transferable tax allowance for married couples/civil partners
requires one partner to have income below personal allowance£1,260£1,250£1,250£1,190
Blind Person's Allowance£2,520£2,500£2,450£2,390
Married couples/civil partner at 10% - minimum (1)£3,530£3,510£3,450£3,360
Married couples/civil partner at 10% - maximum (1,2)£9,125£9,075£8,915£8,695
£30,400£30,200£28,60028900
Rent-a-room tax-free income£7,500£7,500£7,500£7,500
(1) Where at least one spouse/civil partner was born before 6/4/35.
Personal Allowances and Tax Bands
2021-222020-212019-202018-19
Basic rate of 20% on taxable income up to:£37,770£37,500£37,500£34,500
Higher rate of 40% on taxable income over:£37,770£37,500£37,500£34,500
Additional rate of 45% on taxable income over:£150,000£150,000£150,000£150,000
Savings & Dividend Taxation
2021-222020-212019-202018-19
Savings rates£5,000£5,000£5,000£5,000
Starting rate at 0% on savings income up to
Reduced by £1 for every £1 of income above Personal Allowance
Personal Savings Allowance at 0% tax on interest received
Depends on income tax band of other income.
Basic rate taxpayers£1,000£1,000£1,000£1,000
Higher rate taxpayers£500£500£500£500
Additional rate taxpayers£0£0£0£0
Dividend allowance at 0% tax - all individuals£2,000£2,000£2,000£2,000
Tax rate on dividend income in excess of allowance:
Tax rate on dividend income:
Basic rate taxpayers7.5%7.5%7.50%7.50%
Higher rate taxpayers32.5%32.5%32.50%32.50%
Additional rate taxpayers38.1%38.1%38.10%38.10%
Rates for Capital Gains Tax
2021-222020-212019-202018-19
Annual allowance
Annual Exemption Amount (Individuals)£12,300£12,300£12,000£11,700
Annual Exemption Amount (Other Trustees)£6,150£6,150£6,000£5,850
Rates - excluding residential property
Tax Rate (tax payers below higher rate)10%10%10%10%
Tax Rate (within UK higher and additional tax rate)20%20%20%20%
Rates - residential property
Tax Rate (tax payers below higher rate)18%18%18%18%
Tax Rate (within UK higher and additional tax rate)28%28%28%28%
Allowances for Savings and Investments
2021-222020-212019-202018-19
ISA subscription annual limit£20,000£20,000£20,000£20,000
Junior ISA and Child Trust Fund annual limit£9,000£9,000£4,368£4,260
Lifetime ISA£4,000£4,000£4,000£4,000
Allowances for Pensions
2021-222020-212019-202018-19
Maximum Annual Contribution Allowance£40,000£40,000£40,000£40,000
Manimum Annual Contribution Allowance£4,000£4,000£4,000£4,000
Threshold Income lImit£240,000£240,000£150,000£150,000
Pension Lifetime Allowance£1,073,100£1,073,100
Allowances for Inheritances
2021-222020-212019-202018-19
Inheritance Tax Nil Rate Band£325,000£325,000£325,000£325,000
Residence Nil Rate Band£175,000£175,000£150,000£125,000
Residence Nil Rate Band taper commences at£2,000,000£2,000,000£2,000,000£2,000,000
Tax rate on death40%40%40%40%
Tax rate in lifetime20%20%20%20%

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Alternatively, check The Chartered Institute of Taxation's tax tables.

NB - These tables are provided for guidance only.  No responsibility can be accepted for any information provided in the external linked resources provided here. Seek financial advice before taking any action.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.

Tax planning guidance is not an activity regulated by the Financial Conduct Authority.