Tax table for 2016 married couple6/19/2023 The tax rate on company dividends is 7.5% for basic rate taxpayers, 32.5% for higher rate and 38.1% for additional rate taxpayers. *The starting rate means that anyone whose total income is no more than their personal allowance plus £5,000, will not pay tax on their savings income. Tax Rates for 2021/22 Starting rate for savings income* (0%): ** Tax relief given at 10% where one partner was born before £30,200 (allowances are abated if income limit exceeded) ** Tax relief given at 10% where one partner was born before Personal Allowances 2020/21 Individuals (all): The recipient spouse cannot be liable to higher or additional rate tax. **Transferable allowance available to married couples and civil partners who are not in receipt of married couple’s allowance. £100,000 (allowance completely lost once taxable income exceeds £125,140) Income limit for standard personal allowances: Personal savings allowance (higher rate taxpayers): Personal savings allowance (basic rate taxpayers): £30,400 (allowances are abated if income limit exceeded) Income limit for married couple’s allowances: Personal Allowances 2021/22 Individuals (all):
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