Income Tax
| 2019/20 | 2018/19 | |
| Rates | ||
| Basic rate of 20% on income up to | £37,500 | £34,500 |
| Higher rate of 40% on income | £37,501 - £150,000 | £34,501 - £150,000 |
| Additional rate of 45% on income over | £150,000 | £150,000 |
| Dividends for | ||
| Dividend Allowance | £2,000 |
£2,000 |
| Basic rate taxpayers | 7.5% | 7.5% |
| Higher rate taxpayers | 32.5% | 32.5% |
| Additional rate taxpayers | 38.1% | 38.1% |
| Personal Allowances | ||
| Basic Personal Allowance 1 | £12,500 | £11,850 |
| Transferrable Marriage Allowance | £1,250 | £1,190 |
| Married/civil partners (75 and over) 2 |
£8,915 |
£8,695 |
| Notes | ||
| 1. Personal allowance is adjusted by £1 for every £2 of adjusted net income over £100,000 | ||
| 2. Where one spouse/civil partner born before 6 April 1935 | ||
