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Following the Autumn Budget, there has been an update to tax bands and allowances for 2018/2019.
24 Nov, 17

Budget Update: Tax Bands and Allowances

Following the Autumn Budget, there has been an update to tax bands and allowances for 2018/2019.

 

Income Tax bands of taxable income    

Tax year 2017 to 2018    

Tax year 2018 to 2019

 

 

 

 

Basic rate                                            

£1 - £33,500

£1 - £34,500

Higher rate                                        

£33,501 - £150,000

£34,501 - £150,000

Additional rate 

Over £150,000  

Over £150,000  

 

 

 

Income Tax allowances                                               

Tax year 2017 to 2018

Tax year 2018 to 2019

 

 

 

 

Personal allowance        

£11,500

£11,850

Income limit for personal allowance       

£100,000             

£100,000

Marriage allowance

£1,150                  

£1,185

Dividend allowance                                        

£5,000  

£2,000

 

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