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  1. #1

    Nervous Newbie


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    Default Personal income tax on dividends

    I am taking all of my dividends this year. If I take about 70K as dividend, Do I need to pay anything else apart from the dividend tax of 22.5%?

    Is there any personal income tax is involved on top of the dividend tax?

  2. #2

    Faqqed Off

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    Is that gross dividend value or net dividend value?

    Either (a) ask your accountant, or (b) whack the numbers in here and see what comes out.
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    My post count is Majestic

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    I know I get slated for this but why don't you speak to your bleeding accountant? You shouldn't be using a free forum to run your finances and we aren't really bothered about doing it for you either.

    You are legally responsible for getting this right so speak to an expert.
    'CUK forum personality of 2011' - Winner - Yes really!!!!

  4. #4

    キツネの帽子をかぶる

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    Hi Ramesh,
    Looking at the other threads you have started, I have a few questions:


    1. Do you ever take advice offered on here?
    2. Do you ever respond to threads?
    3. Do you have an accountant?
    0. Absolute Power corrupts absolutely. Moderator Power corrupts moderately.
    1. I have a low tolerance level for idiots.
    2. You have to earn my respect, demanding it won't work.

  5. #5

    Nervous Newbie

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    Hi Ramesh

    The tax rate will be 25% on the net dividends in higher rate, worth considering payments on account also when budgeting for personal tax liabilities.

  6. #6

    Contractor Among Contractors


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    Quote Originally Posted by Dan @ Stilwell Gray View Post
    Hi Ramesh

    The tax rate will be 25% on the net dividends in higher rate, worth considering payments on account also when budgeting for personal tax liabilities.
    You need to know the gross dividend though to calculate how much of the dividend has been caught by the higher rate band.
    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

  7. #7

    Nervous Newbie


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    Quote Originally Posted by WTFH View Post
    Hi Ramesh,
    Looking at the other threads you have started, I have a few questions:


    1. Do you ever take advice offered on here?
    2. Do you ever respond to threads?
    3. Do you have an accountant?
    I have an accountant. Its better to get an idea here before approaching the accountant.. Just noticed that I dont have email notification enabled.

  8. #8

    I live on CUK

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    Quote Originally Posted by ramesh View Post
    I have an accountant. Its better to get an idea here before approaching the accountant.. Just noticed that I dont have email notification enabled.
    You know you can use Google to search for your answer? There are other forums like accountancy and money saving, accountancy websites and HMRC themselves provide loads of information that would give you the answers as at some point the nice accountants here are just going to ignore your questions.
    "Youíre just a bad memory who doesnít know when to go away" JR

  9. #9

    More time posting than coding

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    Quote Originally Posted by ramesh View Post
    I have an accountant. Its better to get an idea here before approaching the accountant.. Just noticed that I dont have email notification enabled.
    It's actually better to ask your accountant first - considering you're paying him...

  10. #10

    キツネの帽子をかぶる

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    Quote Originally Posted by VillageContractor View Post
    It's actually better to ask your accountant first - considering you're paying him...


    That would explain why my invoice to CUK for "advice given" remains unpaid!
    0. Absolute Power corrupts absolutely. Moderator Power corrupts moderately.
    1. I have a low tolerance level for idiots.
    2. You have to earn my respect, demanding it won't work.

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