Allowances and tax rates

Collier-Marsh Accountancy

Chartered Accountants


Personal Allowances, reliefs and tax rates













       

 

The personal allowance is restricted by £1 for every £2 of an individual’s adjusted net income above £100,000.


























*See tax rate bands above.


Please note the above rates do not cover Scotland, who have devolved tax rates. Pease contact us directly is you wish to discuss the Scottish rates of tax and allowances.

Personal Allowances

2018/19

£

2017/18

£

Personal allowance (all ages)

11,850

11,500

Blind person allowance

2,390

2,320

Marriage allowance

1,190

1,150

Married couples allowance

Born before 6 April 1935

Max

Min




8,695

3,360




8,445

3,260

Income Tax Rates

Tax Rate

2018/19

£

2017/18

£

Basic rate

20%

0-34,500

0 - 33,500

Higher Rate

40%

34,501 - 150,000

33,501 - 150,000

Additional Rate

45%

150,000+

150,000+

Savings tax rates

Tax Rate

2018/19

£

2017/18

£

Starting rate

0%

5,000

5,000

Dividend tax rates

2018/19

Tax rate

2017/18

Tax rate

Dividend Allowance (0%)

First £2,000

First £5,000

Basic rate*

7.5%

7.5%

Higher rate*

32.5%

32.5%

Additional rate*

38.1%

38.1%


Collier-Marsh Accountancy, Old Coach House, Seagry Road, Sutton Benger, Wiltshire, SN15 4RX

Telephone: 01249 721 525 |  Mobile: 07583 437 689 | Email: contact@colliermarshaccountancy.co.uk

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