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UK Tax Tables

Personal Taxation

Income Tax Rates and Allowances

Income Tax allowances 2024-25 2025-26
Personal Allowance £12,570 £12,570
Personal reduced by £1 for every £2 of net income over £100,000 £100,000
Transferable tax allowance for married couples/civil partners £1,260 £1,260
Blind Person's Allowance £3,070 £3,130
Married couples/civil partner at 10% - minimum (1) £4,280 £4,360
Married couples/civil partner at 10% - maximum (1,2) £11,080 £11.270
Rent-a-room tax-free income £7,500 £7,500

Tax treatment varies according to individual circumstances and is subject to change.

(1) Where at least one spouse/civil partner was born before 6/4/35.
(2) Reduced by £1 for every £2 of income over £30,200 (£29,600 for 2019/20) until the minimum is reached.


Personal Allowances and Tax Bands

  2024-25 2025-26
Basic rate of 20% on income over the personal allowance up to: £37,700 £37,700
Higher rate of 40% on taxable income over: £37,700 £37,700
Additional rate of 45% on taxable income over: £125,140 £125,140
Year Personal Allowance Higher Rate Tax Band
2024-2025 £12,570 £37,700 (+£12,570 = £50,270)
2025-2026 £12,570 £37,700 (+£12,570 = £50,270)

Savings & Dividend Taxation

  2024-25 2025-26
Savings rates
Starting rate at 0% on savings income up to
Reduced by £1 for every £1 of income above Personal Allowance
£5,000 £5,000
Personal Savings Allowance at 0% tax on interest received
Depends on income tax band of other income.
Basic rate taxpayers £1,000 £1,000
Higher rate taxpayers £500 £500
Additional rate taxpayers £0 £0
Dividend allowance at 0% tax - all individuals
Tax rate on dividend income in excess of allowance:
£500 £500
Tax rate on dividend income:
Basic rate taxpayers 8.75% 8.75%
Higher rate taxpayers 33.75% 33.75%
Additional rate taxpayers 39.35% 39.35%

Rates for Capital Gains Tax

The Capital Gains Tax rate you use depends on the total amount of your taxable income, so work that out first.

Use these rates and allowances for Capital Gains Tax to work out your overall gains above your tax-free allowance (known as the Annual Exempt Amount).

Who is likely to be affected

Individuals, trustees of settlements and the personal representatives of deceased persons who have capital gains.

Not including Residential property 2024-25 2025-26
Tax Rate (tax payers below higher rate) 10% 10%
Tax Rate (within UK higher and additional tax rate) 20% 20%
Annual Exemption Amount (Individuals) £3,000 £3,000
Annual Exemption Amount (Other Trustees) £1,150 £1,150

For more information (including residential property) www.gov.uk/guidance/capital-gains-tax-rates-and-allowances »


Note: These tables are provided for guidance only.

The Financial Conduct Authority does not regulate taxation advice.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.



Kennet Financial Services

Our aim is to offer clients Financial Peace of Mind and Real Value for Money

About us

Independednt Financial Advisers (IFAs) based in Devizes, Wiltshire

Our philosophy is simply to guide our clients through the various stages in their lives where expert financial guidance is required from an experienced and trustworthy adviser.

Our aim is to help our clients achieve their financial objectives in a tax efficient and easily maintained manner with clear, uncomplicated solutions.

The reward is being able to work at achieving a long and happy association with clients where trust and transparency are paramount in the relationship.

Advisers David Kinch and Ben Trow have many years experience working with Individuals and Businesses and have built a reputation based on trust and the ability to explain what can be complicated subjects in easy to understand ways both face to face and in writing.

We use our experience to cut through the jargon unfortunately plaguing our Industry to provide options and solutions tailored to your needs.


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We serve people best who:

  • have little time and/or expertise to manage their financial affairs
  • are seeking expert financial advice and/or investment review
  • want help to formulate and maintain a clear financial plan and strategy to make the most of their hard earned money
  • need a “sounding board”
  • want the discipline of a regular review of their finances
  • are seeking a sense of control, peace of mind and financial freedom
  • regard service and a trusted relationship as key to working with advisers of any sort

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Our Specialist Areas

The Financial Services Authority does not regulate Taxation & Trust advice or Will writing.

Kennet Financial Services provides services like financial planning and financial advice, tax, personal pension advice as well as business advice. We also provide many other types of advice and private investing in Devizes, Wiltshire.

We offer a comprehensive financial planning service to include tax planning opportunities. We also provide a bespoke investment management service with an emphasis on strategic asset allocation.



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