Budget Report 2020: Income Tax and Personal Savings
The Chancellor announced the following income tax rates and allowances.
Income tax rates and bands
Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.
A starting rate for savings band of £5,000 at 0% may be available unless taxable non-savings income exceeds the starting rate band.
Scottish income tax rates and bands
Savings and dividend income are taxed using UK rates and bands.
Welsh income tax rates
Although income tax for Wales has been devolved, Welsh resident taxpayers continue to pay the same overall rates as taxpayers in England and Northern Ireland.
Please see the pages below for more information
Income Tax and Personal Savings
Tags.budget, budget 2020