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Useful Information for 2017-18


Personal tax income bands of taxable income (£ per year)

Basic rate

£0-33,500

Higher rate

£33,500-150,000

Additional rate

Over £150,000


Income tax rates

Basic rate

20%

Higher rate

40%

Additional rate

45%


Savings rates

Starting rate for savings

0%

Savings basic rate

20%

Savings higher rate

40%

Savings additional rate

45%


Dividend rates

Dividend ordinary rate - for dividends otherwise taxable at the basic rate

20%

Dividend upper rate - for dividends otherwise taxable at the higher rate

40%

Dividend additional rate - for dividends otherwise taxable at the additional rate

45%

Apply to dividend income received above the £5,000 tax-free Dividend Allowance, introduced in April 2016 to replace the previous Dividend Tax Credit.


Income tax allowances

Personal allowance

£11,500

Income limit for personal allowance

£100,000

Blind person’s allowance

£2,320

Dividend allowance

£5,000

Personal savings allowance

£1,000

Personal savings allowance for high rate taxpayers

£500


Child Benefit (£ Per Week)

Eldest/Only Child

£20.70

Other children

£13.70

Guardians allowance

£16.70


Fuel benefit and van benefit charge

Car fuel benefit charge multiplier

£22,600

Van fuel benefit charge

£610

Van benefit charge

£3,230


Class 4 NICs: Self-employed rates and thresholds (£ per year)

Profits

NIC Charge

£1 - £8,164

NIL

£8,165 - £45,000

9%

£45,001 + 

2%