UK Tax Rates 2015-16
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Tax Year | Income Tax | National Ins. | Corporation | Capital Gains | Inheritance |
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Follow us @Scopulus_News UK tax year date : 6th April 2015 - 5th April 2016 | |
Income Tax Rates  |
2015 - 16 |
| Starting rate for savings | 0% £0 - £5,000 |
| Basic tax rate | 20% £0 - £31,785 |
| Higher tax rate | 40% Over £31,785 |
| Additional rate | 45% Over £150,000 |
| Lower rate on dividend Income | 10% |
| Higher rate on dividend income | 32.50% |
| Additional rate on dividend income | 37.50% |
| Income Tax Allowances | 2015 - 16 |
| Personal allowance for people born after 5 April 1948 | £10,600 |
| Personal allowance for people born 6 April 1938 - 5 April 1948 | £10,600 |
| Personal allowance for people before 6 April 1938 | £10,660 |
| Income limit for age-related allowances | £27,700 |
| Married couple's allowance born before 6 April 1935 | £8,355 |
| Minimum amount of married couple's allowance | £3,220 |
| Blind person's allowance | £2,290 |
| Reduced tax allowances by £1 for every £2 income over | £100,000 |
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National Insurance | 2015 - 16 |
| LEL per week | £112 |
| UEL per week | £815 |
| Primary Threshold per week | £155 |
| Secondary Threshold per week | £156 |
| Employee - between PT - UEL (A) | 12% |
| Employee - Over UEL | 2% |
| Employers class 1 over ST | 13.8% |
| Employment Allowance | £2,000 |
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Corporation Tax | 2015 - 16 |
| 0 - 300,000 | 20% |
| 300,001 - 1.5m | 20% |
| Over 1.5m | 20% |
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Capital Gains Tax | 2015 - 16 |
| Individuals | 18% and 28% |
| Trust | 28% |
| Qualifying Entrepreneurs' Relief | 10% |
| Annual Exemption/ relief |
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| Individuals | £11,100 |
| Trust | £5,550 |
| Inheritance Tax | 2015 - 16 |
| 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
