Income tax brackets for 2021
Veteran Upper Secondary Threshold ( VUST)įrom 6 April 2022 to 5 November 2022, the main and additional rates of Class 1 National Insurance contributions (except for the 0% bands) included a 1.25 percentage point increase due to the Health and Social Care Levy. Investment Zones Upper Secondary Threshold ( IZUST) National Insurance contributions Employee and employer Class 1 rates and thresholds (£ per week)Īpprentice Upper Secondary Threshold ( AUST) for under 25sįreeport Upper Secondary Threshold ( FUST) Rates for bands 75 to 170 grams per km and above will remain frozen for the 2026 to 20 to 2028 tax years. They are capped at 21% for the tax years 2026 to 20 to 2028. Rates for ultra-low emission cars (1 to 74 grams per km) are capped at 20% for the tax year 2025 to 2026. Rates for fully electric cars (0 grams per km) are capped at 5%. The RDE2 standard sets a maximum permitted level of car NOx emissions in real world driving situations, and it is measured through portable emissions-measuring equipment in a variety of real driving trips. Cars that meet the Real Driving Emissions Step 2 ( RDE2) standard are exempt from the diesel supplement.
Company car tax - all cars CO2 emissions, g/kmĪppropriate percentage (%) for 2024 to 2025Īppropriate percentage (%) for 2025 to 2026Īppropriate percentage (%) for 2026 to 2027Īppropriate percentage (%) for 2027 to 2028įor all cars, drivers must add 4% to their appropriate percentage if the car is propelled solely by diesel (up to a maximum of 37%). Personal Savings Allowance for higher taxpayersįrom April 2016, the new Personal Savings Allowance means that basic rate taxpayers do not have to pay tax on the first £1,000 of savings income they receive and higher rate taxpayers do not have tax to pay on their first £500 of savings income. Personal Savings Allowance for basic rate taxpayers The relief for this allowance is given at 10%. Minimum amount of Married Couple’s Allowance Maximum amount of Married Couple’s Allowance Married Couple’s Allowance for those born before 6 April 1935 The recipient must not be liable to Income Tax at the higher or additional rates.
A spouse or civil partner who is not liable to Income Tax, or not liable at the higher or additional rates, can transfer this amount of their unused personal allowance to their spouse or civil partner.
This transferable allowance is available to married couples and civil partners who are not in receipt of Married Couple’s Allowance. It is reduced by £1 for every £2 of income over this limit. The income limit for Married Couple’s Allowance is an age-related allowance. This reduction applies irrespective of date of birth. The Personal Allowance reduces where the income is above £100,000 - by £1 for every £2 of income above the £100,000 limit. Income limit for Married Couple’s Allowance Trust rate for other accumulated and discretionary income Starting rates for savings incomeįirst £1,000 of accumulated and discretionary income charged at dividend ordinary and default basic ratesĭividend trust rate for accumulated and discretionary dividend income These figures apply to non-savings and non-dividend income of any taxpayer that is not subject to either the main rates or the Scottish rates of Income Tax. These figures apply to dividend income received above the £1,000 tax-free dividend allowance in the 2023 to 2024 tax year and dividend income received above £500 in the 2024 to 2025 tax year. Dividend ratesĭividend ordinary rate - for dividends otherwise taxable at the basic rateĭividend upper rate - for dividends otherwise taxable at the higher rateĭividend additional rate - for dividends otherwise taxable at the additional rate From 2017 to 2018, the main rates were separated into the main rates, the savings rates and the default rates. These figures apply to non-savings non-dividend income, including income from employment, property, or pensions. Personal tax and benefits Income Tax bands of taxable income