| 2015/16 | 2014/15 | |
| Savings starting rate limit | £5,000* | £2,880 |
| Savings starting rate | 0% | 10% |
| Basic rate band | £31,785 | £31,865 |
| Basic rate | 20% | 20% |
| Dividend ordinary rate | 10% | 10% |
| Higher rate band | £31,786-£150,000 | £31,866-£150,000 |
| Higher rate | 40% | 40% |
| Dividend upper rate | 32.5% | 32.5% |
| Additional rate band | over £150,000 | over £150,000 |
| Additional rate | 45% | 45% |
| Dividend additional rate | 37.5% | 37.5% |
Allowances that reduce taxable income
| 2015/16 | 2014/15 | ||
| Personal allowance | Born after 5 April 1948 | £10,600 | £10,000 |
| Born between 6 April 1938 and 5 April 1948* | £10,600 | £10,500 | |
| Born before 6 April 1938* | £10,600 | £10,660 | |
| Married couples/civil partners transferable allowance | £1,060 | N/A | |
| Blind person’s allowance | £2,290 | £2,230 | |
* The higher personal allowances are reduced by £1 for each £2 of income above £27,700 (2014/15, £27,000), until £10,600 (2014/15, £10,000) is reached. This is further reduced by £1 for each £2 of income from £100,000 to £121,200 (2014/15, £120,000).
Allowances that reduce tax
| 2015/16 | 2014/15 | |
| Married couple’s allowance | £835.50 | £816.50 |
Available to people born before 6 April 1935. The age for MCA is of the elder spouse or civil partner. The loss of tax reduction is 10p for each £2 of income above £27,700 (2014/15, £27,000) until £322 (2014/15, £314) is reached.
High income child beneit charge
| 2015/16 | 2014/15 | |
| Threshold | £50,000 | £50,000 |
There is a tax charge of 1% of the child beneit received for each £100 that the threshold is exceeded up to a maximum of 100%.
