TaxPersonal TaxIncome tax

Income tax

2000/2001 (1999/2000)

Pounds 1 – Pounds 1,520 (Pounds 1- Pounds 1,500)  
Dividends*: 10% (10%)  
Savings: 10% (10%)  
Other: 10% (10%)

Pounds 1,521- Pounds 28,400 (Pounds 1,501 – Pounds 28,000)  
Dividends*: 10% (10%)  
Savings: 20% (20%)  
Other: 22% (23%)

Over Pounds 28,400 (Over Pounds 28,000)  
Dividends*: 32.5% (32.5%)  
Savings: 40% (40%)  
Other: 40% (40%)

* Dividends are increased by a non-repayable tax credit of 1/9th

Dividends are treated as the top slice of total income, savings as the next slice and other income as the lowest slice.
Discretionary and accumulation trusts – dividends at 25% (25%), all other income at 34% (34%).

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