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01332 202660
61 Friar Gate Derby DE1 1DJ
Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660
Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414
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Rates & Allowances Pages ► Income Tax Rates & Allowances ■ Capital Gains Tax ■ Pensions ■
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| Income after allowances 2026/27 | |||
|---|---|---|---|
| Band of taxable income | Rate | Dividend rate | |
| Starting rate for savings |
up to £5,000 | 0% | |
| Basic rate | up to £37,700 | 20% | 10.75% |
| Higher rate | £37,701 - £125,140 | 40% | 35.75% |
| Additional rate | Over £125,140 | 45% | 39.35% |
Personal Allowance - The standard Personal Allowance for 2026/27 is £12,570. This is the amount of income you don’t have to pay tax on and is usually increased each year.
| Main Allowances | |
|---|---|
| 2026/27 | |
| Personal Allowance* - up to 10% of the PA can be transferred to a spouse or civil partner who is a basic rate taxpayer | £12,570 |
| Blind Person's Allowance | £ 3,250 |
| Dividend Tax Allowance - taxes the first £500 at nil | £ 500 |
| Personal Savings Allowance - Basic rate taxpayer | £ 1,000 |
| Personal Savings Allowance - Higher rate taxpayer | £ 500 |
Income Tax - Click for Detailed Table
Tax bands and rates 2026/27 2025/26 Basic-rate band (taxable income) £37,700 £37,700 Basic-rate tax 20% 20% Dividend ordinary (basic) tax rate 10.75% 8.75% Savings starting rate band limit £5,000 £5,000 Savings starting rate – savings income 0% 0% Higher-rate band Over £37,700 – £125,140 Over £37,700 – £125,140 Higher-rate tax 40% 40% Dividend upper (higher) tax rate 35.75% 33.75% Additional-rate band Above £125,140 Above £125,140 Additional-rate tax 45% 45% Dividend additional tax rate 39.35% 39.35% Personal allowance* £12,570 £12,570 High income child benefit charge – 1% of benefit per £200 of adjusted net income between £60,000–£80,000 £60,000–£80,000 Trading allowance** £1,000 £1,000 Dividend allowance at 0% – all individuals £500 £500 Property allowance** £1,000 £1,000 Savings allowance**** (basic / higher rate) £1,000 / £500 £1,000 / £500 Marriage allowance £1,260 £1,260 Blind person's allowance £3,250 £3,130 Enterprise investment scheme (EIS)***** up to £1m (£2m for knowledge-intensive) £1m (£2m for knowledge-intensive) EIS income tax relief rate 30% 30% Seed enterprise investment scheme (SEIS) £200,000 £200,000 SEIS income tax relief 50% 50% Venture capital trust (VCT)***** £200,000 £200,000 VCT income tax relief rate 20% 30% Golden handshake maximum tax-free £30,000 £30,000 Rent-a-room (exempt on gross annual rent up to) £7,500 £7,500 Construction industry scheme – standard rate (registered) 20% 20% Construction industry scheme – higher rate (not registered) 30% 30% *Personal allowance is reduced by £1 for every £2 of adjusted net income above £100,000, reaching £0 at £125,140. **Trading and property allowances cannot be claimed on top of actual expenses against the same income. *****Above £1m, EIS investment must be in knowledge-intensive companies to qualify at the £2m level; VCT and EIS company gross asset/investment limits also increased from 6 April 2026.