Tax centre
Tax tables 2005-06
Income Tax Rates
| 05-06 | 04-05 | |
| 10% on first | £2,090 | £2,020 |
| 22% (20% for savings income) on next | £30,310 | £29,380 |
| 40% on income over | £32,400 | £31,400 |
| Dividends for: | ||
|---|---|---|
| – basic rate taxpayers | 10% | 10% |
| – higher rate taxpayers | 32.5% | 32.5% |
| Trusts: | ||
| – basic rate band | £500 | N/A |
| – dividends (rate applicable to trusts) | 32.5% | 32.5% |
| – other income (rate applicable to trusts) | 40% | 40% |
| Pre-owned assets tax (£5,000 minimum taxable) | As income | N/A |