Tax Tables and Information

Tax rates and data on income tax, pension contributions, national insurance contributions for employees, CGT and other taxes for the current tax year...

UK tax datacard 2013/14 (2012/13 in brackets)

Income Tax

Bands 2013/14 2012/13
£0 - £32,010
(£0 - £34,370)
20% (20%)
£32,011 - £150,000
(£34,371 - £150,000)
40% (40%)
Over £150,000
(£150,000)
45% (50%)

Notes: Dividends are taxed at 10% (10%), 32.5% (32.5%) or 37.5% (42.5%) as the top slice of total income.

Other savings income, primarily bank and building society interest, is taxed at 10% up to £2,790 (£2,710). This 10% rate is not available if taxable non-savings income exceeds £2,790 (£2,710).

There are special rules for trusts, and also for individuals with income assessable on the remittance basis.

From 7 January 2013, an additional tax charge applies to claw back child benefit where one income in a household exceeds £50,000.

Pensions


2012/13 2011/12
Lifetime allowance (a) £1,500,000 (£1,800,000)
Equivalent to defined benefit pension £75,000 (£90,000)
Maximum contribution annual allowance (b) £50,000 (£50,000)
Tax on excess Marginal rate (marginal rate)
Normal minimum
pension age
55 (55)
  1. Special rules can apply to individuals with larger benefits at 5 April 2006, and for those with benefits over £1,500,000 on 5 April 2012. Excess over the lifetime allowance may be subject to a 25% charge plus income tax on balances drawn, or 55% for lump sum benefits.
  2. Unused allowances from the previous three years (by reference to a limit of £50,000 p.a.) may be carried forward, potentially increasing the current year’s allowance in 2012/13 and subsequent tax years.

National Insurance Contributions

Class 1 employees:

Weekly earnings Contracted in Contracted out
Up to £107 (£102) Nil (Nil) Nil (Nil)
£107.01-£146 (£102.01-£139) Nil (Nil) Rebate 1.4% (1.6%)
£146.01-£770 (£139.01-£770) n/a 10.6% (10.4%)
£770.01-£817 (£770.01-£817) n/a 12% (12%)
£146.01-£817 (£139.01-£817) 12% (12%) n/a
Over £817 (over £817) 2% (2%) 2% (2%)

Class 1 employers:

Weekly earnings Contracted in Contracted out
Up to £107 (£102) Nil (Nil) Nil (Nil)
£107.01-£144 (£102.01-£136) Nil (Nil) Rebate 3.4% (3.7%)
£144.01-£770 (£136.01-£770) n/a 10.4% (10.1%)
£770.01-£817 (£770.01-£817) n/a 13.8% (13.8%)
£144.01-£817 (£136.01-£817) 13.8% (13.8%) n/a
Over £817 (over £817) 13.8% (13.8%) 13.8% (13.8%)

Other

Class 1A (employers only): 13.8% (13.8%) based on the amounts of taxable bene?ts.

Class 1B (employers only): 13.8% (13.8%) in respect of amounts in a PAYE settlement agreement and the income tax thereon.

Class 2 (flat rate for self-employed): £2.65 (£2.50) per week.

Class 3 (voluntary): £13.25 (£12.60) per week.

Class 4 (self-employed): 9% (9%) of pro?ts between £7,605 (£7,225) and £42,475 (£42,475) per annum and 2% (2%) on pro?ts above £42,475 (£42,475).

Capital Gains Tax


2013/14 2012/13
Standard rate tax payers 18% (18%)
For trustees and higher/additional rate taxpayers 28% (28%)
Annual exempt amount - individuals £10,600 (£10,600)
Annual exempt amount - trusts £5,300 (£5,300)
Entrepreneurs' relief lifetime limit £10,000,000 (£10,000,000)
Entrepreneurs' rate 10% (10%)
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