| Income Tax rates and bands | 2011/12 | 2010/11 |
| Starting rate band*(SRB) | 2,560 | 2,440 |
| Basic rate band | 35,000 | 37,400 |
| Higher rate band | 35,001-150,000 | 37,400-150,000 |
| Additional rate | over 150,000 | over 150,000 |
*Startin rate band is within basic rate band and applies to saving incomes only; If taxable general income exceeds the band, the 10% rate is not available.
Tax Rates: Rates differ for General/Savings/Dividents
2011/12 and 2010/11
| Tax rates | G | S | D |
| Starting rate | N/A | 10% | 10% |
| Basic rate | 20% | 20% | 10% |
| Higher rate | 40% | 40% | 32.5% |
| Additional rate | 50% | 50% | 42.5% |
General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividents. Discretionary trusts: basic rate as above applies to first £1,000 of income, then highest rate.
Tax Information 2010 / 2011
