Income Tax所得税

Income Tax - the basics ncome Taxisatax on income .Notalincome istaxable and youre only iaxed on axable income above aceriain level Even hen there are other relets and alowances that can reduce your income Tax bil- andin some cases mean youve notaxito pay on his page: Whatcountsastaxableincome? 。 Taxteealowances 。 。 Alpwances and relels hal oan educe your ncome Taxbll 。 。 Taxalowances andrelelsforemployees ordireclors 。 Taxoncompanybenefis 。 Howmuch ncomeTaxyou pay 。 Howyou payincome Tax 。 Payngthe nghtamountofincome Tax 。 Natonalinsurance Contibutions Moreusetlints What counts as taxable income? Taxable income noludes 。 eamings from employment eamings from selremployment 。 mostpensionsincome (Siate company and personal pensions) niereston mostsavings moome from shares dvidends) entalncome moomepaidtoyoufrom atmust Non-taxable income There are ceriain soris ofincome that you never pay lax on Theseinclude cerain benefis， income rom tax exempt accounts Working Tax Credit (WTC) and premium bond wins_ These income sources areignored ahogether when working out how much ncome Tax you may neediopay Taxableand noniaxable ncome ataalance To Tax-free allowances Neanly everyone who is residentin the UK ortax purposes receives a Personal Alowance ， which isan amountofiaxableincome youre alowed to eam or receive each year afree. Tis ax yearf2013.14) the basic Personal Alowance -ortax-fee amount -is R9,440 You may be entledio ahigher Personal Alowance iiyou were bom before 6 Apri 1948 IDyoureregistered bind orare unable to peromn any work forwhioh eyesightis essental you can also claim he iax-fee Bind Persons Alowance Income Taxis only due on taxable ncome ihafs above youriaxfree alowances  Checkncome Tax alowances and ncome imis for earlertax vears Personal Alowance -find out more Bind Persons Alowance - ind out more Top Allowances and reliefs that can reduce your Income Tax bil VDyourve dueio pay income Tax there areanumber of deductible alowances and relels that can reduce yourlax bl These nclude: 。 Mamied Couples Alowance -the nusband wile orcvilparinerhasto be bombelore April1935 。 Maintenance Paymentrelief -siher you oryouriommer spouse or cvi pariner must have been bam before 6 Aprl 1935 Unike the tax-free alowances these arentamounts ofincome you can receive tax-fee Rathertheyre amounts that can reduce yourtax bil Find outaboutothertax alowances and reiels TIop Tax allowances and reliefs for employees or directors Ifyoure an employee or decior you might be ableto gettax releffor business expenses youve paidfor Taxalowances and relelsforemployees or diectors Top Tax on company benefits Ifyoure employed and you receive non cash benefis fom your employer you willhaveto pay Haxonthem Taxable benefits Benefis that you might haveto pay tax oninclude: ， company carsorvans 。 fuelprovided oryourvenicle medical nsurance wing accommadation oans atiow interestrates End outmore abouliaxable company benefis Top How much Income Tax you pay Afer your alowable expenses and any tax-free alowances have been takeninto acoount the amountoflax you pay calculated using diferentiax rates and aseries ofiax bands.  Income Tax rates 2013-14 by tax band and type of income Income 。 Income Taxrate Income Tax Income Tax Taxband on non savings rate on rate on income savings dvidends soto Notavailable 10%6 Notapplicable - 82790 see basic rate Starting band ratefor savings to 20% 20% 10% 832.010 Basic rate 832.011to 40% 409% 32.5% 8150.000 Higher rate over 45% 45%6 37.5% 8150.000 Additional rate Because the rate of ncome Tax you pay on savings is worked out after any non-savings income has been laken into account ifyour nonrsavings income sless than the staring rate for savings limit(g2.790) - orif savings and investments are your only source ofincome - your savings income will be taxed atthe 10 per cent starting rate up to the limit Butifyou aready have non-savings income which takes you above the staring rate imit all of your savings will be taxable at the 20 per cent basic rate the 40 per cent higher rate orthe 45 per cent addiional rate, depending on your totalincome， Remember thetax band appliesto yourincome afteryourtax alowances and any reliefs have been taken into account - youre nottaxed on all of yourincome， Non savings income includes income from employment or selLemployment most pension income and rental income，