Test Salary and Dividend Tax Calculator

Find out how much tax you will be paying, based on your current salary and annual dividend payments, with our salary and dividend tax calculator.

Dividends are paid to those who own shares in a company. They are calculated by distributing the profits a company has made. Dividends are in most cases taxed after your other income sources have already been taxed.

Calculating tax on dividends works more or less the same way as the tax on any other income. The essential distinction is the tax rates.

Dividend income is taxed as follows:

  • £0 – £12,570 | 0% (personal allowance)
  • £12,571 – £50,270 | 8.75%
  • £50,270 – £150,000 | 33.75%
  • £150,000 + | 38.35%

In addition to the tax-free personal allowance, it’s important to note that you don’t pay any dividend tax on the first £2,000 you receive in dividends, no matter how much other income you receive.

Our salary and dividend tax calculator calculates tax payable on dividends and you can use it to calculate how much tax you’ll pay on the dividends you’ll earn in the current tax year.

Calculate Your Take Home Pay

Your Total Income-
Your Total Taxable Income-
Tax on salary-
Employees NIC (paid by you)-
Extra tax to pay on dividends-
Total tax + NICs-
Your take home pay-
Employers NIC (paid by company)-

Whether you're a small business, a contractor or a freelancer, you deserve an accountant that offers only the best service and advice.

Our limited company package starts from only £110 + VAT per month

Contact Gorilla Accounting

We understand that each person’s circumstances are different and there is a lot to take into account.

We don’t want you to be overwhelmed – which is why we’re here to help.

Simply give us a call on 0330 107 9676 and have a quick chat with one of our expert contractor accountants

*The information presented by the contractor tax calculator is for illustrative purposes only and merely produces a generic guide to your expected take home pay based on the information provided. Gorilla Accounting will accept no liability for any loss suffered for any reliance placed on the above.

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