tax tables 2018-01-09T14:42:55+00:00

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%