Dividend Tax Calculator – 2014/15

This MS Excel web application will calculate your total tax liability for different salary and dividend levels for the 2014/15 tax year.

For background information, try our guide to dividends and how they are taxed, and read the notes further down the page for assumptions and other information relating to this calculator.

Simply enter your SALARY and NET DIVIDENDS in the yellow boxes below, and your salary and dividend tax liability will be displayed automatically.

Important Notes

• If you accidentally delete any cells within the online calculator, they won’t be saved. Simply refresh the page to start again.
• This calculator has been created for the 2014-15 tax year. For the current year, use our 2015-16 calculator.
• The calculator assumes you are eligible to receive the full personal allowance during the 2014/15 tax year of £10,000 (tax code 1000L).
• If your total income for the year was £100,000 or over (salary + dividends), the value of your personal allowance is eroded by £1 for every £2 you earned over this threshold, so at £120,000 you will have lost your entire £10,000 allowance.
• To keep the spreadsheet as simple as possible, we’ve made no allowance for any additional income you may have received during the tax year.
• The dividends you pay into your bank account are known as ‘net’ dividends. In order to tax them, they are first multiplied by (10/9) to produce the ‘gross’ dividend. To find out more about how dividends are taxed, and what a tax credit is, read our guide to company dividends.
• You will enter any dividends you received during the previous tax year on your annual self-assessment tax return (submission and payment by the 31st Jan following the end of the tax year in question).
• The calculations have been verified by our ACA qualified accountant. You should always check your own calculations with a qualified accountant before submitting your tax return to HMRC.