{"$schema":"https://schema.org/Dataset","name":"UK pension and tax rates and allowances 2022-23","taxYear":"2022-23","source":{"publisher":"ParaplanAI","url":"https://www.paraplanai.co.uk/rates/2022-23","landing":"https://www.paraplanai.co.uk/rates","configVersion":"2022-23-v1.18","verifiedDate":"2026-07-25","verifiedAgainst":"HMRC Income Tax rates 2022-23; PTM051100 (standard AA by tax year), PTM057100; PTM174700 (FP2016 — LSA £312,500 / LSDBA £1,250,000, stated verbatim on that page); FA 2004 ss.227-238 (pre-Spring FA 2023 amendments); LSA/LSDBA fields zero — pre-abolition of LTA (FA 2024 Sch 9 effective 6 April 2024); priorSeptemberCPI=3.1% (Sept 2021, ONS series D7G7 dataset MM23) per FA 2004 s.235(3) / PTM053301 DB-PIA opening-value revaluation; dividend rates 8.75%/33.75%/39.35% + £2,000 allowance (ITTOIA 2005 Part 4 Ch 3, gov.uk/tax-on-dividends); trust rate 45% / dividend trust rate 39.35% (ITA 2007 s.9; IPTM3250); HICBC threshold £50,000 / 1% per £100 / 100% at £60,000 (pre-2024 rule), Child Benefit £21.80 eldest + £14.45 additional weekly (ITEPA 2003 s.681B-H; Child Benefit (Rates) Regulations 2006 reg 2 as amended by SI 2022/231 reg 5; confirmed against the legislation, 12 October 2026); trust standard rate band GBP1,000 first slice at non-trust rates, GBP200 floor per settlement (ITA 2007 ss.491-492, in force through 2023-24); Scottish income tax bands: gov.scot Scottish Income Tax 2022-2023: rates and bands","attribution":"ParaplanAI — UK Pension & Tax Rates (https://www.paraplanai.co.uk/rates)","notes":"Figures are read from the versioned configuration the ParaplanAI calculation engine computes against. verifiedDate is the date recorded for the configuration’s official-source verification; verifiedAgainst lists the sources and any per-item dates (internal engineering notes are omitted). Some configVersions change only the verifiedAgainst notes, so a new configVersion does not by itself mean a figure changed. Money values in GBP; rates in percent. For planning and illustration purposes only; not financial or tax advice."},"units":{"money":"GBP","rates":"percent"},"sections":[{"id":"pension-annual-allowance","heading":"Pension annual allowance","url":"https://www.paraplanai.co.uk/rates/2022-23#pension-annual-allowance","citation":"PTM055100 · PTM057100 · PTM056510 · FA 2004 s.190 & s.235 · PTM053301"},{"id":"income-tax","heading":"Income tax — England, Wales & Northern Ireland","url":"https://www.paraplanai.co.uk/rates/2022-23#income-tax","citation":"ITA 2007 s.10 & s.35 (rates, bands, personal-allowance withdrawal)"},{"id":"scottish-income-tax","heading":"Income tax — Scotland (non-savings)","url":"https://www.paraplanai.co.uk/rates/2022-23#scottish-income-tax","citation":"Scotland Act 2016 s.13; rates set by the Scottish Parliament (gov.scot). ITA 2007 s.35 (personal allowance). Savings, dividends, the personal allowance and its withdrawal are UK-wide."},{"id":"savings-and-dividends","heading":"Savings & dividends","url":"https://www.paraplanai.co.uk/rates/2022-23#savings-and-dividends","citation":"ITA 2007 s.12 & ss.12A–12B (starting rate, PSA) · ITA 2007 s.13A (dividend nil rate)"},{"id":"child-benefit","heading":"Child Benefit & the High Income Charge","url":"https://www.paraplanai.co.uk/rates/2022-23#child-benefit","citation":"ITEPA 2003 s.681B–681H · SSCBA 1992 s.141"},{"id":"trusts","heading":"Trusts","url":"https://www.paraplanai.co.uk/rates/2022-23#trusts","citation":"ITA 2007 s.9 & s.479"},{"id":"cgt-and-isa","heading":"Capital gains & ISA","url":"https://www.paraplanai.co.uk/rates/2022-23#cgt-and-isa","citation":"TCGA 1992 s.1K & s.1H · ITTOIA 2005 s.694 (ISA regulations)"}],"pension":{"standardAnnualAllowance":40000,"taperThresholdIncome":200000,"taperAdjustedIncome":240000,"taperReduction":"£1 for every £2 of adjusted income over the adjusted-income gate","taperFloor":4000,"moneyPurchaseAnnualAllowance":4000,"reliefBasicAmount":3600,"dbRevaluationPriorSeptemberCpiPercent":3.1},"lumpSumAllowances":null,"incomeTaxRuk":{"personalAllowance":12570,"personalAllowanceWithdrawnFrom":100000,"basicRateBand":37700,"additionalRateThreshold":150000,"basicRatePercent":20,"higherRatePercent":40,"additionalRatePercent":45},"incomeTaxScotland":{"note":"Non-savings bands only; savings, dividends and the personal allowance are UK-wide.","basis":"Band boundaries are GROSS income assuming the full UK personal allowance, matching gov.scot's published table; band widths are TAXABLE income. bandsAnchoredAtPersonalAllowance plus the cumulative widths reproduce the boundaries.","bandsAnchoredAtPersonalAllowance":12570,"lowerBands":[{"name":"Starter rate","ratePercent":19,"taxableBandWidth":2162,"grossIncomeFrom":12571,"grossIncomeTo":14732},{"name":"Scottish basic rate","ratePercent":20,"taxableBandWidth":10956,"grossIncomeFrom":14733,"grossIncomeTo":25688},{"name":"Intermediate rate","ratePercent":21,"taxableBandWidth":17974,"grossIncomeFrom":25689,"grossIncomeTo":43662},{"name":"Higher rate","ratePercent":41,"taxableBandWidth":106338,"grossIncomeFrom":43663,"grossIncomeTo":150000}],"advancedRatePercent":null,"advancedRateThreshold":null,"topRatePercent":46,"topRateThreshold":150000},"savingsAndDividends":{"personalSavingsAllowance":{"basicRate":1000,"higherRate":500,"additionalRate":0},"startingRateForSavingsBand":5000,"startingRateForSavingsPercent":0,"dividendAllowance":2000,"dividendRatesPercent":{"ordinary":8.75,"upper":33.75,"additional":39.35}},"nationalInsurance":null,"childBenefit":{"weeklyFirstChild":21.8,"weeklyAdditionalChild":14.45,"hicbcLowerLimit":50000,"hicbcClawback":"1% of the Child Benefit per £100 of adjusted net income over the lower limit"},"childcare":null,"trusts":{"trustRatePercent":45,"trustDividendRatePercent":39.35,"standardRateBand":1000},"capitalGainsAndIsa":{"cgtAnnualExemptAmount":12300,"cgtRateBasicPercent":10,"cgtRateHigherPercent":20,"cgtRateScope":"excluding residential property and carried interest gains","cgtRatesByPeriod":null,"isaAnnualSubscriptionLimit":20000}}