Tax Rates & Allowances
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Guidance, not advice. We explain the rules, we don't assess your situation. Always seek financial or tax advice from your accountant, or contact HMRC. Read our editorial scope →
Quick reference guide for UK tax rates and thresholds
Savings & Interest
Starter Rate Band
0% rate
PSA (Basic Taxpayer)
PSA (Higher Taxpayer)
PSA (Additional)
Student Loans
Plan 1 Threshold
9% above threshold
Plan 2 Threshold
9% above threshold
Plan 4 Threshold
9% above threshold
Postgraduate Threshold
6% above threshold
Pension Allowances
Annual Allowance
Standard limit
Tapered AA Minimum
For high earners
Taper Threshold
Threshold income
Money Purchase AA
After flexible access
Carry Forward
Unused allowance
Inheritance Tax
Nil-Rate Band
Residence Nil-Rate
Main residence to descendants
Combined Maximum
Per person
Married Couple Max
Transferable allowances
Standard Rate
36% if 10%+ to charity
Taper Threshold
RNRB tapers above this
Corporation Tax
Small Profits Rate
Profits ≤ £50,000
Main Rate
Profits ≥ £250,000
Marginal Relief
3/200 fraction
R&D Credit (SME)
Enhanced deduction
Annual Investment Allowance
ISA Allowances
Annual ISA Limit
Junior ISA / CTF
Lifetime ISA
Counts towards annual limit
LISA Bonus
Max £1,000/year
Help to Buy ISA
To new applicants
Disclaimer: These rates are for general reference only and may not reflect your specific circumstances. Some values for future tax years are estimates based on announced policy. Always consult HMRC or a qualified tax advisor for definitive guidance.