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The new income tax rates / personal allowances.
The Chancellor announced the following income tax rates and allowances.
Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.
A starting rate for savings band of £5,000 at 0% may be available unless taxable non-savings income exceeds the starting rate band.
Savings and dividend income are taxed using UK rates and bands.
Although income tax for Wales has been devolved, Welsh resident taxpayers continue to pay the same overall rates as taxpayers in England and Northern Ireland.
04 Mar 2021
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