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% |