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Personal Taxation

Tax treatment varies according to individual circumstances and is subject to change.

Income Tax Rates and Allowances

Income Tax allowances 2017-18 2018-19
Personal Allowance £11,500 £11,850
Personal reduced by £1 for every £2 of net income over £100,000 £100,000
Transferable tax allowance for married couples/civil partners £1,150 £1,190
Blind Person's Allowance £2,320 £2,390
Married couples/civil partner at 10% - minimum (1) £3,260 £3,360
Married couples/civil partner at 10% - maximum (1,2) £8,445 £8,695
Rent-a-room tax-free income £7,500 £7,500

(1) Where at least one spouse/civil partner was born before 6/4/35.
(2) Reduced by £1 for every £2 of income over £28,900 (£28,000 for 2017/18) until the minimum is reached.


Personal Allowances and Tax Bands

  2017-18 2018-19
Basic rate of 20% on taxable income up to: £33,500 £34,500
Higher rate of 40% on taxable income over: £33,500 £34,500
Additional rate of 45% on taxable income over: £150,000 £150,000
Year Personal Allowance Higher Rate Tax Band
2017-2018 £11,500 £33,500 (+£11,500 = £45,000)
2018-2019 £11,850 £34,500 (+£11,850 = £46,350)

Savings & Dividend Taxation

  2017-18 2018-19
Savings rates
Starting rate at 0% on savings income up to
Reduced by £1 for every £1 of income above Personal Allowance
£5,000 £5,000
Personal Savings Allowance at 0% tax on interest received
Depends on income tax band of other income.
Basic rate taxpayers £1,000 £1,000
Higher rate taxpayers £500 £500
Additional rate taxpayers £0 £0
Dividend allowance at 0% tax - all individuals
Tax rate on dividend income in excess of allowance:
£5,000 £2,000
Tax rate on dividend income:
Basic rate taxpayers 7.5% 7.5%
Higher rate taxpayers 32.5% 32.5%
Additional rate taxpayers 38.1% 38.1%


Note: These tables are provided for guidance only.

TAX ADVICE WHICH CONTAINS NO INVESTMENT ELEMENT IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.




Henson Crisp Limited

Telephone: 01733 355120 / 02036 377140
Email: enquiries@hensoncrisp.com

Registered Office:
Peterscourt, City Road, Peterborough, Cambs, PE1 1SA. Registered in England, No. 06266686

Offices in both Peterborough and London.

Financial Advice for individuals and companies.

Site Disclaimers

No investment decision should be taken based on the content of this site. Always take full individual advice first.

Henson Crisp Limited cannot be held responsible for the accuracy of the content of external websites.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Regulatory Statement

Henson Crisp provides Independent Financial Advice.

Henson Crisp Limited is authorised and regulated by the Financial Conduct Authority (register.fca.org.uk/). Financial Services Register No: 469175

Our alternative dispute resolution provider is the Financial Ombudsman Service.
Their website is financial-ombudsman.org.uk