Stephen J. Dann
~ ITPA ~
UK Tax Advisor

British Tax rates
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Personal Income Tax
2018/19
2019/20
Personal Allowance
£ 11,850
£ 12,500
Personal Allowance income limit
£ 100,000
£ 100,000
Savings Allowance
£ 1,000/500
£ 1,000/500
Dividend Allowance
£ 2,000
£ 2,000

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Basic Rate
20% - up to £34,500
20% - up to £50,000
Higher Rate tax (tier 1)
40% £ 34,501 - 150000
40% £ 50,001 - 150000
Higher Rate tax (tier 2)
45% above £ 150000
45% above £ 150000


National Insurance Contributions
2018/19
2019/20
Employee Rate
12% up to £892 (2% above this level)
12% up to £962 (2% above this level)
Lower Earnings Limit
£ 116 pw
£ 118 pw
Earnings threshold (PT)
£ 162 pw
£ 166 pw
Employer Rate above PT
13.8%
13.8%
Class 2 (expatriates)
£ 2.95 pw
£ 3.00 pw
More detailed information from HMRC

Stephen Dann tax home page


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