Budget 2009 : Summary of personal income tax changes
- Personal allowances and tax bands (including national insurance rates and bands) were, as expected, unchanged from those announced in November as part of the Pre Budget Report.
- The higher rate of income tax will now be 50% rather than the 45% previously announced. Dividends within this band of income will be taxed at 42.5%. This will apply to taxable income above £150,000 from April 2010 and not 2011 as announced in November 2008.