Personal income tax on dividends

[ramesh]

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?

[TheFaQQer]

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.

[northernladuk]

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.

[WTFH]

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?

[Dan @ SG Accounting]

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.

[Waldorf]

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.

[ramesh]

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.

[SueEllen]

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.

[VillageContractor]

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...

[WTFH]

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!