Higher Rate of Income Tax Print

The higher rate of income tax is 32.5% for dividend income, and 40% for all non- dividend income, and for 2020/21 is charged on taxable income in excess of £37,500 up to £150,000. For 2021/22 and the years up to 2025/26 the higher rate band is charged on taxable income in excess of £37,700 up to £150,000.

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