DESIGNED BY CARL CRADDOCK
Desined by Carl Craddock
Desined by Carl Craddock
Lumb Accountancy Services
© 2016 Lumb Accountancy Services
PERSONAL TAX
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
2017 / 2018
Personal allowance (born after  05.04.48)
  £9,440
£10,000
  £10,600
£11,000
£11,500
Personal allowance (born  05.04.38 - 06.04.48)1
£10,500
  £10,500
  £10,600
  £11,000
£11,500
Personal allowance (born before 06.04.38)2
  £10,660
  £10,660
  £10,660
  £11,000
£11,500
Income limit for personal allowance
£100,000
£100,000
£100,000
£100,000
£100,000
Income limit for age related allowances
£26,100
£27,000
£27,700
  N/A
N/A
1From the 2013-14 tax year the age-related personal allowance will not be increased and their availability will be restricted to people born on or before 5 April 1948 (£10,500) and 5 April 1938 (£10,660)
2The personal allowance reduces where the income is above £100,000 by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age
PERSONAL TAX
INCOME TAX RATES
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
2017 / 2018
Starting Rate (only for savings)4         10% / 0%
£0 - £2,790
£0 - £2,880
£0 - £5,000
£0 - £5,000
£0 - £5,000
Basic Rate:                                           20%
£0 - £32,010
£0 - £31,865
£0 - £31,785
£0 - £32,000
£0 - £33,500
Higher Rate:                                        40%
£32,011 -
£150,000
£31,866 -
£150,000
£31,786 -
£150,000
£32,001 -
£150,000
£33,501 -
£150,000
Additional Rate:                                   45%
Over £150,000
Over £150,000
Over £150,000
Over £150,000
Over £150,000
Dividend income up to basic rate limit
10% (0%)3
10% (0%)3
10% (0%)3
7.5%
7.5%
Dividend income within the higher rate band
32.5% (25%)3
32.5% (25%)3
32.5% (25%)3
32.5%
32.5%
Dividend income above the additional rate limit
37.5% (30.56%)3
37.5% (30.56%)3
37.5% (30.56%)3
38.1%
38.1%
3Effective rate with tax credit
4There is no starting rate for savings income if non-savings income is greater than the threshold
NATIONAL INSURANCE CONTRIBUTIONS
£ per week    
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
2017 / 2018
CLASS 1
          
Lower earnings limit (LEL)
£109
£111
£112
£112
£113
Upper accrual point (UAP)
£770
£770
£770
N / A
N / A
Upper earnings limit (UEL)
 £797
£805
£815
£827
£866
Primary threshold (PT)
 £149
£153
£155
£155
£157
Secondary threshold (ST)
£148
£153
£156
£156
£157
Primary rate (between PT and UEL)Primary rate (between PT and UEL)
12%
12%
12%
12%
12%%
Primary rate (above UEL)
2%
2%
2%
2%
2%%
Secondary rate (above ST)
13.8%
13.8%
13.8%
13.8%
13.8%%
CLASS 2
          
Class 2 rate
 £2.70
£2.75
£2.80
£2.80
£2.85
Sll eaprofits threshold amount r year)
 £5,725
£5,885
£5,965
£5,965
£6,025
CLASS 3CLASS 3
          
Voluntary contribution rate
£13.55
£13.90
£14.10
£14.10
£14.25
CLASS 4
          
Lower annual profit limit (LPL)
£7,755
£7,956
£8,060
£8,060
£8,164
Upper annual profit limit (UPL)
£41,450
£41,865
£42,385
£43,000
£45,000
Class 4 rate between LPL and UPLClass 4 rate between LPL and UPL
9%
9%
9%
9%
9%%
Class 4 rate above UPL
2%
2%
2%
2%
2%
INDIVIDUAL SAVINGS ACCOUNT (ISA)
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
2017 / 2018
Annual subscription limit
£15,000
£15,000
£15,240
£15,240
£20,000
Stocks and shares limit
£11,520
£15,000
£15,240
£15,240
£20,000
Cash ISA limit
£5,760
£15,000
£15,240
£15,240
£20,000
From 1 July 2014 the ISA limit will become £15,000 and can be split in any portion between cash and
stocks and shares as the saver chooses
Rates are for guidance only. No responsibility for loss occasioned by any individual acting/refraining from action as a result of this information can be accepted by the authors or company
2012 / 2013
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
Personal allowance (born after 
05.04.48)
  £8,105
£9,440
  £10,000
£10,600
£11,000
Personal allowance (born 
05.04.38 - 06.04.48)
£10,500
  £10,500
  £10,500
  £10,600
£11,000
Personal allowance (born before
06.04.38)
  £10,660
  £10,660
  £10,660
  £10,660
£11,000
Income limit for personal
allowance
£100,000
£100,000
£100,000
£100,000
£100,000
Income limit for age related
allowances
£25,400
£26,100
£27,000
  £27,700
N/A
2012 / 2013
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
Starting Rate (only for savings)         
10% / 0%
£0 - £2,710
£0 - £2,790
£0 - £2,880
£0 - £5,000
£0 - £5,000
Basic Rate:                                          
20%
£0 - £34,370
£0 - £32,010
£0 - £31,865
£0 - £31,785
£0 - £32,000
Highrer Rate:                                       
40%
£34,371 -
£150,000
£32,011 -
£150,000
£31,866 -
£150,000
£31,786 -
£150,000
£32,001 -
£150,000
Additional Rate:                                  
50% / 45%
Over
£150,000
Over
£150,000
Over
£150,000
Over
£150,000
Over
£150,000
Dividend income up to basic rate
limit
10% (0%)
10% (0%)
10% (0%)
10%
7.5%
Dividend income within the
higher rate band
32.5% (25%)
32.5% (25%)
32.5% (25%)
32.5%
32.5%
Dividend income above the
additional rate limit
38.1% (30.6%)
38.1% (30.6%)
38.1% (30.6%)
42.5%
38.1%
£ per week    
2012 / 2013
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
CLASS 1
          
Lower earnings limit (LEL)
£107
£109
£111
£112
£112
Upper accrual point (UAP)
£770
£770
£770
£770
N / A
Upper earnings limit (UEL)
£817
£797
£805
£815
£827
Primary threshold (PT)
£146
£149
£153
£155
£155
Secondary threshold (ST)
£144
£148
£153
£156
£156
Primary rate (between PT and
UEL)
12%
12%
12%
12%
12%
Primary rate (above UEL)
2%
2%
2%
2%
2%
Secondary rate (above ST)
13.8%
13.8%
13.8%
13.8%
13.8%
CLASS 2
          
Class 2 rate
£2.65
£2.70
£2.75
£2.80
£2.80
Annual small earnings
exception (per year)
£5,595
£5,725
£5,885
£5,965
£5,965
CLASS 3
          
Voluntary contribution rate
£13.25
£13.55
£13.90
£14.10
£14.10
CLASS 4
          
Lower annual profit limit (LPL)
£7,605
£7,755
£7,956
£8,060
£8,060
Upper annual profit limit (UPL)
£42,475
£41,450
£41,865
£42,385
£43,300
Class 4 rate between LPL and
UPL
9%
9%
9%
9%
9%
Class 4 rate above UPL
2%
2%
2%
2%
2%
Personal Savings Allowance (PSA)
On 6 April 2016 a tax-free Personal Savings Allowance (PSA) was introduced for savings income (such as interest) paid to individuals. Broadly, this means that basic rate tax payers will be able to receive up to £1,000 of savings income, and higher rate taxpayers can receive up to £500 of savings income, without any tax being due. The PSA will not be available to any saver with additional rate income. Alongside the introduction of the PSA, banks, building societies and NS&I will cease to deduct tax from account interest they pay to customers


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