Savings interest tax rates 2020 19
Tax rate tables for 2019/20 including income tax, pensions, annual investment limits, national insurance There is no allowance given above £125,000 (2018/ 19: £123,700). profits, rent) usually uses personal allowance, basic rate and higher rate bands before savings income (interest). Year to, 31.3.2020, 31.3. 2019 Income tax matters including Income Tax Rates and Allowances (Table A), High Income Child uses personal allowance, basic rate and higher rate bands before savings income (interest). Starter Rate, 19%, £1 – £2,085, £1 – £2,049. rate. Dividend rate. Taxable income. 2019/20. Taxable income. 2018/19. 20%(1) 1 Savings income of up to £5,000 taxable at 0% in certain circumstances. 1 Annual investment allowance of £1m from 1 January 2019 to 31 December 2020.