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UK Tax Rates 2013-14
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Tax Year |
Income Tax |
National Ins. |
Corporation |
Capital Gains |
Inheritance |
| 2013 - 14 |
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UK Tax rates 2013 - 14
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UK tax year date : 6th April 2013 - 5th April 2014 |
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Income Tax Rates
|
2013 - 14 | ||||
| Starting rate for savings | 10% £0 - £2,790 | ||||
| Basic tax rate | 20% £0 - 32,010 | ||||
| Higher tax rate | 40% Over £32,010 | ||||
| Additional rate | 45% Over £150,000 | ||||
|
Lower rate on dividend Income |
10% |
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| Higher rate on dividend income | 32.50% | ||||
| Additional rate on dividend income | 37.50% | ||||
|
Income Tax Allowances
|
2013 - 14 | ||||
| Personal allowance for people born after 5 April 1948 | £9,440 | ||||
| Personal allowance for people born 6 April 1938 - 5 April 1948 | £10,500 | ||||
| Personal allowance for people before 6 April 1938 | £10,660 | ||||
| Income limit for age-related allowances | £26,100 | ||||
| Married couple's allowance born before 6 April 1935 | £7,915 | ||||
| Minimum amount of married couple's allowance | £3,040 | ||||
| Blind person's allowance | £2,160 | ||||
| Reduced tax allowances by £1 for every £2 income over | £100,000 | ||||
|
National Insurance
|
2013 - 14 | ||||
| LEL per week | £109 | ||||
| UEL per week | £797 | ||||
| Primary Threshold per week | £149 | ||||
| Secondary Threshold per week | £148 | ||||
| Employee - between PT - UEL (A) | 12% | ||||
| Employee - Over UEL | 2% | ||||
| Employers class 1 over ST | 13.8% | ||||
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Corporation Tax
|
2013 - 14 | ||||
| 0 - 300,000 | 20% | ||||
| 300,001 - 1.5m | MRF 3/400 or 23.75% | ||||
| Over 1.5m | 23% | ||||
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Capital Gains Tax
|
2013 - 14 | ||||
| Individuals | 18% and 28% | ||||
| Trust | 28% | ||||
| Qualifying Entrepreneurs' Relief | 10% | ||||
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Annual Exemption/ relief |
|
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| Individuals | £10,900 | ||||
| Trust | £5,450 | ||||
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Inheritance Tax
|
2013 - 14 | ||||
| Nil band | £325,000 | ||||
| Lifetime transfers | 20% | ||||
| Transfer within 7 years of death | 40% | ||||
| If more than 10% of net estate left to charity | 36% | ||||
UK tax rates, get much more information from the official authority site
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