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Higher rate income tax if no personal allowance

Konrad Wallerstein
Posted Tue, 13 Aug 2024 06:23:17 GMT by Konrad Wallerstein
As a non-resident I have the option of giving up my personal allowance in exchange for more favourable treatment of interest and dividend income. If I do not claim the personal allowance will higher rate income tax start at 37,700 or 50,270?
HMRC Admin 25
Posted Fri, 23 Aug 2024 06:13:48 GMT by HMRC Admin 25
Hi Konrad Wallerstein,
The higher rate will start at £37,700.
Thank you.

 

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