UK Tax Rates 2013-14
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Income Tax |
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Inheritance |
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UK tax year date : 6th April 2013 - 5th April 2014 |
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Income Tax Rates
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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 |
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Lower rate on dividend Income |
10% |
| Higher rate on dividend income | 32.50% |
| Additional rate on dividend income | 37.50% |
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Income Tax Allowances
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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 |
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National Insurance
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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
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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
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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
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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
