Tax Tables
2023/24

Income tax

Main personal allowances and reliefs	23/24	22/23
Personal allowance*	£12,570	£12,570
Marriage/civil partners' transferable allowance	£1,260	£1,260
Married couple’s/civil partners' allowance at 10%^† – maximum (if at least one born before 6/4/35) – minimum	£10,375	£9,415
	£4,010	£3,640
Blind person’s allowance	£2,870	£2,600
Rent-a-room relief	£7,500	£7,500
Property allowance and trading allowance (each)	£1,000	£1,000

* Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000
† Married couple’s/civil partners' allowance reduced by £1 for every £2 of adjusted net income over £34,600 (£31,400 for 22/23), until minimum reached

UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income	23/24	22/23
20% basic rate on taxable income up to	£37,700	£37,700
40% higher rate on next slice of income over	£37,700	£37,700
45% additional rate on income over	£125,140	£150,000

Scottish taxpayers – non-dividend, non-savings income
19% starter rate on taxable income up to	£2,162	£2,162
20% basic rate on next slice up to	£13,118	£13,118
21% intermediate rate on next slice up to	£31,092	£31,092
42% (41% for 22/23) higher rate on next slice up to	£125,140	£150,000
47% (46% for 22/23) top rate on income over	£125,140	£150,000

All UK taxpayers
Starting rate at 0% on band of savings income up to**		£5,000	£5,000
Personal savings allowance at 0%:	Basic rate	£1,000	£1,000
	Higher rate	£500	£500
	Additional rate	£0	£0
Dividend allowance at 0%: All individuals		£1,000	£2,000
Tax rates on dividend income:	Basic rate	8.75%	8.75%
	Higher rate	33.75%	33.75%
	Additional rate	39.35%	39.35%
Trusts: Standard rate band generally		£1,000	£1,000
Rate applicable to trusts: Dividends Other income		39.35% 45%	39.35% 45%

** Not available if taxable non-savings income exceeds the starting rate band

High Income Child Benefit Charge: 1% of benefit per £100 of adjusted net income between £50,000–£60,000

Tax Tables 2023/24

Income tax

Contents:

Tax Tables
2023/24