2021/22 Tax Bands for England, Scotland and Wales
|Band||Band name||Tax Rate|
|Scotland||Wales||Rest of UK|
|£12,571* - £14,667||Starter Rate||19%|
|£12,571 - £50,270||Basic Rate||20%||20%|
|£14,668* - £25,296||Scottish Basic Rate||20%|
|£25,297* - £43,662||Intermediate Rate||21%|
|£43,663 - £150,000||Higher Rate||41%|
|£50,271 - £150,000||Higher Rate||40%||40%|
|Above £150,000||Top Rate||46%|
|Above £150,000||Additional Rate||45%||45%|
* This assumes you are entitled to the UK Personal Allowance.
These rates apply to TAXABLE income that is over and above your Personal Allowance. For example, a person would have to have income of over £12,570 before paying tax at 20% and over £50,271 (£43,663 in Scotland) before paying at 40%.
Starting Rate for Savings - is 0%. Only applies to those with taxable income under £17,570.
Scottish taxpayers use the UK rates & tax bands for interest and dividends.
Comments are closed.