Income tax rates for 2002-03

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2026-07-10 04:45

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For the 2002-03 tax year in the UK, the income tax rates for individuals were structured as follows: the basic rate was 22% on income between £4,615 and £28,000, while the higher rate of 40% applied to income above £28,000. There was also a starting rate of 10% for income up to £4,615, applicable to savings income. Additionally, the personal allowance for individuals under 65 was £4,615, which meant that income below this threshold was not subject to tax.

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