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  

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