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2016/2017 SA: same tax rate applied for div and non-div income
Originally posted by philip@wellwoodhoyleView Post
£3k of the personal allowance and the £5k zero rate dividend band cover the £8k dividend.
Of the £39k employment income, the remaining £8k of personal allowance is offset leaving £31k taxable at 20% being £6,200.
Remember that you can allocate the personal allowance in any way you want - it doesn't have to go against employment income first.
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