| Higher rate at taxable income over |
31,400 |
30,500 |
| Tax rates 2004/05 (unchanged from 2003/04) |
|
|
| Rates differ for Dividends/Interest/Other |
D |
I |
O |
| Starting rate |
10% |
10% |
10% |
| Basic rate |
10% |
20% |
22% |
| Higher rate |
32.5% |
40% |
40% |
| Dividends taxed at highest part of income, then interest |
| Discretionary trust |
32.5% |
40% |
40% |
| (increased from 25%, 34%, 34% in 2003/04 |
|