Part 2Basic provisions
Chapter 2Rates at which income tax is charged
Income charged at particular rates
10Income charged at the F1... basicF7, higher and additional rates: individuals
F21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F32
Income tax on an individual's income up to the basic rate limit is charged at the basic rate (except to the extent that, in accordance with section 12, it is charged at the starting rate for savings).
3
Income tax is charged at the higher rate on an individual's income above the basic rate limit F8and up to the higher rate limit.
F93A
Income tax is charged at the additional rate on an individual's income above the higher rate limit.
4
This section is subject to—
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
section 13 (income charged at the dividend ordinary and dividend upper rates: individuals), and
any other provisions of the Income Tax Acts which provide for income of an individual to be charged at different rates of income tax in some circumstances.
F55
The basic rate limit is F12£37,400 .
F105A
The higher rate limit is £150,000.
F66
The basic rate limit F11and higher rate limit are increased in some circumstances: see—
a
section 414(2) (gift aid relief), and
b
section 192(4) of FA 2004 (relief for pension contributions).
7
See section 21 for indexation of the basic rate limit.