# Finance Act 2021, Section 3: Default and savings rates of income tax for tax year 2021-22


(1) For the tax year 2021-22 the default rates of income tax are as follows—
(a) the default basic rate is 20%,
(b) the default higher rate is 40%, and
(c) the default additional rate is 45%.
(2) For the tax year 2021-22 the savings rates of income tax are as follows—
(a) the savings basic rate is 20%,
(b) the savings higher rate is 40%, and
(c) the savings additional rate is 45%.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/section/3 (the official version)
Page: https://openlegislation.uk/finance-act-2021/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.