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 |