Income Tax
  2010/11 2009/10
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
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