Tax Tables
Personal Allowance
2016-17 | 2017-18 | |
---|---|---|
Personal Allowance | £11,000 | £11,500 |
Income limit for Personal Allowance | £100,000 | £100,000 |
Income Tax Rates and Taxable Bands
% of income per year | 2016-17 | 2017-18 |
---|---|---|
Basic rate | 20% | 20% |
Higher rate | 40% | 40% |
Additional rate | 45% | 45% |
Starting rate for savings | 10% | 10% |
Dividend ordinary rate | 10% | 10% |
Dividend upper rate | 32.5% | 32.5% |
Dividend additional rate | 37.5% | 37.5% |
Starting rate limit (savings) | £5,000 | £5,000 |
Basic rate band | £0 – 32,000 | £0 – 33,500 |
Higher rate band | £32,001 – 150,000 | £33,501 – 150,000 |
Additional rate band | Over £150,001 | Over £150,001 |
National Insurance Contribution Rates
£ per week | 2016-17 | 2017-18 |
---|---|---|
Weekly Lower Earnings Limit (LEL) | £112.00 | £113.00 |
Weekly Primary Threshold (PT) | £155.00 | £157.00 |
Weekly Secondary Threshold (ST) | £156.00 | £157.00 |
Upper Earnings (UEL) | £827.00 | £866.00 |
Upper Profits Limit (UPL) | £43,000 per year | £45,000 per year |
Lower Profits Limit (LPL) | £8,060 per year | £8,164 per year |
Employee Primary Below £113 (LEL) | 0% | 0% |
Employee Primary £113 – £157 (PT) | 0% | 0% |
Employee Primary £157 – £866 (UEL) | 12% | 12% |
Employee Primary Above £866 | 2% | 2% |
Employer Secondary Threshold Below £157 (ST) | 0% | 0% |
Employer Secondary Threshold Above £157 (ST) | 13.8% | 13.8% |