Are the Calculators or the site broken?

[administrator]

Thanks aceboy - looking at these now.

[aceboy]

No one from CUK?

[aceboy]

I just looked at the Divi Tax calculator: I entered 20k Sal 10k Net Divi. here are the results, how how can this make me a higher rate tax payer??



Dividend Tax Calculator Results
Gross dividend: £11,111.11

Total gross income: £31,111.11

You are a higher rate tax payer (limit is £37,400 ). Extra tax is payable on dividends

£ 0.00 of your gross dividend income is subject to further tax at 22.5 %

The extra tax to pay is £ 0.00 ( 0 % of net dividend).


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Calculation based on:
Salary (PAYE) £20000

Dividend £10000

Other Income £0

Tax Code 647L

Tax Year Fiscal Year 2010/11


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