Income Tax Tables 2020 21

Tax tables that continue to apply from 13 october 2020.

Income tax tables 2020 21. Rates and bands for the years 2016 to 2020. The starting rate for savings is a. Income tax rates of tax 2020 2021 starting rate of 0 on savings income up to 5 000 personal savings allowance basic rate 1 000 higher rate 500 basic rate of 20 0 to 37 500 higher rate of 40 37 501 to 150 000 additional rate o f 45 150 001 and over for other income less than 17 500 only. Changes to personal income tax thresholds announced by the government during the federal budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 october 2020.

Tax rates and rate bands. If you are looking for an alternative tax year please select one below. Income tax 20 21 19 20. And while the income tax brackets and personal tax allowance won t be changing in 2020 21 chancellor rishi sunak s highly anticipated budget speech on 11 march had good news for both the employed and self employed.

Individuals estates etc 12 300 12 000. Important information october 2020 updates. Fundsnetwork s 2020 21 tax tables are now available with updated rates and thresholds for the coming year. The new tax year in the uk starts on 6 april 2020.

Calculating your income tax gives more information on how these work. The ax stitute tax rates tables 2020 21 1 individual income tax rates non residents 2019 20 2020 21 taxable income marginal rate tax on this income 0 90 000 32 5 32 5 cents for each 1 90 001 180 000 37 29 250 plus 37 cents for each 1 over 90 000. Within uk higher and additional rate income tax bands 20 20 tax rate trusts and estates 20 20 surcharge for residential property and carried interest 8 8 exemptions annual exempt amount. You are viewing the income tax rates thresholds and allowances for the 2020 tax year in south africa.

Income tax uk taxpayers excluding scottish taxpayers 20 21 19 20 non dividend non savings income 20 basic rate on first slice of taxable income up to 37 500 37 500 40 higher rate on next slice of taxable income over 37 500 37 500. Income tax rates of tax 2019 2020 2020 2021 starting rate for savings 0 0 basic rate 20 20 higher rate 40 40 additional rate 45 45 starting rate limit 5 000 5 000 threshold of taxable income above which higher rate applies 37 500 37 500.