Stephen J. Dann
~ ITPA ~
UK Tax Advisor
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| Personal Income Tax | 2020/21 | 2021/22 |
| Personal Allowance | £ 12,500 | £ 12,570 |
| Personal Allowance income limit | £ 100,000 | £ 100,000 | Savings Allowance | £ 1,000/500 | £ 1,000/500 | Dividend Allowance | £ 2,000 | £ 2,000 |
| ---- | ---- | ---- |
| Basic Rate | 20% - up to £50,000 | 20% - up to £50,270 |
| Higher Rate tax (tier 1) | 40% £ 50,001 - 150000 | 40% £ 50,271 - 150000 |
| Higher Rate tax (tier 2) | 45% above £ 150000 | 45% above £ 150000 |
| National Insurance Contributions | 2020/21 | 2021/22 |
| Employee Rate | 12% up to £962 (2% above this level) | 12% up to £967 (2% above this level) |
| Lower Earnings Limit | £ 120 pw | £ 120 pw | Earnings threshold (PT) | £ 183 pw | £ 184 pw | Employer Rate above PT | 13.8% | 13.8% | Class 2 (expatriates) | £ 3.05 pw | £ 3.05 pw |
| More detailed information from HMRC |
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