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2017 - 2018 Data


These Links will take you  directly to the relevant section further down on this Page:


Our Archived Data:

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Personal Income Tax & Benefits



2018 - 19

2017 - 18

Notes

Personal Allowance (PA)

£  11,850

£  11,500

(Reduce Personal Allowance by £1 for every £2

of adjusted Net Income over £100,000)





Basic Rate Band - Income up to:

£ 34,500

£ 33,500


Starting Rate

0.0%

0.0%

<< Please contact us for more information >>

Basic Rate

20.0%

20.0%


Dividend Ordinary Rate

7.5%

7.5%

For 2017/18 and 2018 / 19 the first £ 2,000 of dividends is tax-free


Higher Rate - Income between

£ 34,501 - £  150,000

£ 33,501 - £ 150,000


Higher Rate

40.0%

40.0%


Dividend Upper Rate

32.5%

32.5%

For 2017/18 and 2018/19 the first £ 2,000 of dividend is tax-free





Additional Rate - Income over

£ 150,000

£ 150,000


Additional Rate

45.0%

45.0%


Dividend Additional Rate

38.1%

38.1%






Savings Rate Limit

£ 5,000

£ 5,000

<< Please contact us for more information >>

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Tax Data 2018/19

Archive 2016 - 17

Archive 2015 - 16

Archive 2014 - 15

Archive 2013 - 14

Older Archives

Archive 2012 - 13

Archive 2011 -12

Archive 2010 - 11

Archive 2009 -10

Archive 2008 - 09

Archive 2007 - 08

Archive 2006 - 07

Archive 2005 - 06

Pension Contributions


There is no financial limit on the amount that may be contributed to a registered pension scheme.  The maximum amount on which an individual can claim tax relief in any tax year is the greater of the individual's  UK relevant earnings or £ 3,600 (gross).  If the total pension input exceeds the annual allowance (£ 40,000) there may be a tax charge on the excess.

Maximum age for Tax Relief

74



Minimum age for taking Benefits

55



Lifetime Allowance Charge

-  lump sum paid

-  monies retained

 

55%

25%


<< Please contact us for more information on pensions >>

on cumulative benefits exceeding

£1030000


Subject to transitional protection for excess amount.

Maximum tax-free lump sum

25%



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Company Cars and Vans





Notes





Company Car Benefit

is calculated by applying the appropriate percentage - based on the car's CO2 emissions - to the car's UK Price List.

  < Click for our downloadable CO2  Emission Table >

Company Car Fuel Benefit

is charged unless the cost of all fuel for private use is borne by the employee.  The taxable benefit is calculated by applying the appropriate % to the car fuel benefit charge multiplier (£ 22,200).


VAT

Where VAT is to be reclaimed on fuel for private use, the employer also has to account for the output tax based on a flat-rate charge derived from the vehicles CO2 emissions


Company Van Benefit

 is generally not related to CO2 emissions but is a set figure of £ 3,350 with an extra £ 633 where fuel for private use is provided.  Van benefit charge for zero emission vans is £ 1,340.






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Archive 2015 - 16