Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Share definition

What does Share mean? A share is a unit of ownership in a company used to allocate control and economic benefit among shareholders in corporate governance and transactions. Company law in the UK (Companies Act 2006) and Ireland (Companies Act 2014) sets the framework for shares and shareholder rights, though the precise rights arise from statute and the company’s constitution. Key features include: a bundle of rights (typically voting, dividends, information and a share of surplus on winding up); limited liability (exposure capped at any unpaid amount on partly paid shares); transferability subject to statutory and constitutional restrictions; and legal title evidenced...

UK share incentives: 2024–26 practitioners' quick reference to income tax, CGT, NICs, dividends, trusts, Apprenticeship Levy, corporation tax, HMRC interest, close company loans and SAYE bonus rates

Published by a LexisNexis Share Incentives expert

Practice notes

This Practice Note outlines the principal UK tax rates, thresholds and allowances. It is intended as a quick Reference, not an exhaustive source. It covers the primary rates, thresholds and allowances for UK resident individuals and companies. For historical data and more detail, refer to Whillans's Tax Tables. For broader information beyond the areas most relevant to Share incentive lawyers, see the Practice Notes: Key UK tax rates, thresholds and allowances and Key UK tax rates, thresholds and allowances for Private Client.

Income tax

Income tax rates for individuals

For participants in share incentives, the following income tax rates and bands apply:

Starting rate for savings only: 0%; limit £5,000 in 2024–25 and 2025–26
Basic rate: 20%; band £0–£37,700 in 2024–25 and 2025–26
Higher rate: 40%; band £37,701–£125,140 in 2024–25 and 2025–26
Additional rate: 45%; over £125,140 in 2024–25 and 2025–26

These bands apply after the personal allowance of non-taxable income. The basic rate limit was set at £37,700 from 6 April 2021. The government confirmed at Spring Budget 2021 that the basic rate limit would remain at this...

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Web page updated on 22/05/2026

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