Originally posted by Moscow Mule
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Previously on "Dividends above higher rate of tax threshold."
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Originally posted by Platypus View PostIIRC it's 32.5%
Due to a weird interaction between the 40% tax band and the 10% tax credit on dividends
The additional rate (over £150k) is now 42.5% of the gross.
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Try our dividend tax calculator. We made the higher rate band changed to it a while ago and it *should* be working correctly.
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IIRC it's 32.5%
Due to a weird interaction between the 40% tax band and the 10% tax credit on dividends
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Originally posted by MarillionFan View PostWhat is it if you go over 150K?
However, there's a very slim chance of me hitting that this year - expecting to get canned in August, if not before and in a good year I'm well below.
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Originally posted by Moscow Mule View PostHmm fast?
Anyway, the search seems to be working so i found it in Accounting: x = 25% apparently.
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Originally posted by Ruprect View Post
Anyway, the search seems to be working so i found it in Accounting: x = 25% apparently.
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Originally posted by Moscow Mule View PostNeed a fast answer, I can get a sensible answer from my accountant tomorrow...
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Originally posted by Ruprect View PostAsk in accounting and you might get a sensible answer
hth
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X = Amount Earned
Y = Rate of Tax
Z = Declared Percentage
I recommend you set z = 0
So therefore
tax = x*y*z
Simples
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Dividends above higher rate of tax threshold.
I need a rough guide as to how much tax I'm going to pay next year.
Tax due = (Dividends taken above higher rate tax threshold) * X
What is X? 0.25, 0.3?
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