2013/14

2012/13

Savings starting rate band                  

£2,790

£2,710

Tax rate on savings starting rate band

10%

10%

Basic rate band income up to

£32,010

£34,370

Basic tax rate                                      

20%

20%

Tax on UK dividends within starting

and basic rate bands

10%

10%

Higher rate band taxable income over

£32,010

£34,370

Higher tax rate

40%

40%

Additional rate band taxable income over

£150,000

£150,000

Additional rate

50%

50%

UK dividend rate 

- Where higher rate applies 

32.5%

32.5%

- Where additional rate applies

37.5%

42.5%

Trusts

Trust rate    

45%

50%

Schedule F trust rate

37.5%

42.5%

Allowances that reduce taxable income

Personal allowance (PA) under 65  *

£9,440

£8,105

65 to 74

£10,500

£10,500

75 and over      

£10,660

£10,660

Blind person's allowance

£2,160

£2,100

Allowances that reduce tax

Married couple's allowance (MCA)   

75 and over 

£7,915

£7,705

The age-related allowances are progressively

withdrawn if income exceeds       

£26,100

£25,400

Minimum PA                                           

£9,440

£8,105

*Personal allowances are withdrawn at a rate of £1 for every £2 of income above £100,000