* Starting rate band is within basic rate band and applies to savings income only; if taxable general income exceeds the band, the 10% rate is not available.
Tax rates
Rates differ for General/Interest/Dividends
2009/10 and 2008/09
Rates differ for General/Interest/Dividends
G
I
D
Starting rate
N/A
10%
10%
Basic rate
20%
20%
10%
Higher rate
40%
40%
32.5%
General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividends. Discretionary trusts: basic rate as above applies to the first £1,000 of income, then higher rate.
Turpin Lucas Lee's is the holding name of TLL Accountants LTD. A company resistered in England
no: 5410603