- Income tax is devolved to Wales.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
|Band of taxable income||UK Rate||Welsh Rate||Total Rate|
|0 – 37,500||Basic rate||10||10||20|
|37,501 – 150,000||Higher rate||30||10||40|
|Over 150,000||Additional rate||35||10||45|