1. The thresholds shown assume the standard personal allowance applies. The personal allowance is reduced by £1 for every £2 that an individual’s adjusted net income exceeds £100,000. Different income tax rates and thresholds apply to non-savings and non-dividend income for Scottish and Welsh taxpayers.

1. The thresholds shown assume the standard personal allowance applies. The personal allowance is reduced by £1 for every £2 that an individual’s adjusted net income exceeds £100,000. Different income tax rates and thresholds apply to non-savings and non-dividend income for Scottish and Welsh taxpayers.

3. The tax rate within this band depends on the type of income. For example, in 2026/27, the rate is 10.75% for dividend income and 20% for all other income.

4. From 2024/25, the default basic rate and dividend ordinary rate that previously applied to the first £1,000 of discretionary trust income have been removed. Trusts do not pay income tax if total trust income does not exceed £500. Where a settlor has multiple current trusts, this £500 allowance is divided between them, subject to a minimum allowance of £100 per trust.

1. The thresholds shown assume the standard personal allowance applies. The personal allowance is reduced by £1 for every £2 that an individual’s adjusted net income exceeds £100,000. Different income tax rates and thresholds apply to non-savings and non-dividend income for Scottish and Welsh taxpayers.

2. Savings income of up to £5,000 is taxed at 0% where taxable non-savings income does not exceed £5,000. This £5,000 starting rate band is expected to remain unchanged until at least April 2031.

1. The thresholds shown assume the standard personal allowance applies. The personal allowance is reduced by £1 for every £2 that an individual’s adjusted net income exceeds £100,000. Different income tax rates and thresholds apply to non-savings and non-dividend income for Scottish and Welsh taxpayers.

1. The thresholds shown assume the standard personal allowance applies. The personal allowance is reduced by £1 for every £2 that an individual’s adjusted net income exceeds £100,000. Different income tax rates and thresholds apply to non-savings and non-dividend income for Scottish and Welsh taxpayers.

1. The tax rate within this band depends on the type of income. For example, in 2026/27, the rate is 10.75% for dividend income and 20% for all other income.

2. From 2024/25, the default basic rate and dividend ordinary rate that previously applied to the first £1,000 of discretionary trust income have been removed. Trusts do not pay income tax if total trust income does not exceed £500. Where a settlor has multiple current trusts, this £500 allowance is divided between them, subject to a minimum allowance of £100 per trust.