Rates used by this service
Tax rates and allowances: 2023 to 2024
Every figure was checked against GOV.UK and legislation.gov.uk on 2026-10-02.
| Allowance | Amount |
|---|---|
| Personal Allowance | £12,570 |
| Income limit for Personal Allowance (reduced by £1 for every £2 above) | £100,000 |
| Blind Person’s Allowance | £2,870 |
| Married Couple’s Allowance - maximum | £10,375 |
| Married Couple’s Allowance - minimum | £4,010 |
| Married Couple’s Allowance - income limit | £34,600 |
| Dividend allowance | £1,000 |
| Capital Gains Tax annual exempt amount | £6,000 |
Source: Income Tax rates and allowances for current and previous tax years
| Band | Taxable income after allowances | Rate |
|---|---|---|
| Basic rate | £0 to £37,700 | 20% |
| Higher rate | £37,701 to £125,140 | 40% |
| Additional rate | Over £125,140 | 45% |
| Band | Taxable income after allowances | Rate |
|---|---|---|
| Starter rate | £0 to £2,162 | 19% |
| Basic rate | £2,163 to £13,118 | 20% |
| Intermediate rate | £13,119 to £31,092 | 21% |
| Higher rate | £31,093 to £125,140 | 42% |
| Top rate | £125,141 and over | 47% |
| Item | Amount or rate |
|---|---|
| Starting rate for savings band (0%) | £5,000 |
| Personal Savings Allowance: basic, higher, additional rate | £1,000, £500, £0 |
| Dividend ordinary rate | 8.75% |
| Dividend upper rate | 33.75% |
| Dividend additional rate | 39.35% |
| Item | Amount or rate |
|---|---|
| Class 2 small profits threshold | £6,725 |
| Class 2 weekly rate | £3.45 |
| Class 4 lower profits limit | £12,570 |
| Class 4 upper profits limit | £50,270 |
| Class 4 main rate | 9% |
| Class 4 rate above the upper profits limit | 2% |
Source: Rates and allowances: National Insurance contributions
| Disposals | Residential property (basic / higher) | Other assets (basic / higher) | Business Asset Disposal Relief |
|---|---|---|---|
| 6 April 2023 to 5 April 2024 | 18% / 28% | 10% / 20% | 10% |
Source: Capital Gains Tax rates and allowances
| Plan | Yearly threshold |
|---|---|
| Plan 1 | £22,015 |
| Plan 2 | £27,295 |
| Plan 4 | £27,660 |
| Postgraduate | £21,000 |
Repayments are 9% of income over the threshold (6% for Postgraduate Loans).
Source: Repaying your student loan
| Item | Amount |
|---|---|
| High Income Child Benefit Charge starts at | £50,000 |
| Child Benefit Charge: 1% for every | £100 |
| Venture Capital Trust relief rate | 30% |
| Approved mileage rate for cars, first 10,000 miles | £0.45 |
| Car fuel benefit charge multiplier | £27,800 |
| Van benefit charge | £3,960 |
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