Use this calculator to work out your personal tax liability on any company dividends and salary you receive during the 2018-19 tax year.
- Simply enter your annual salary and dividend amounts below to work your total tax liability for the 2018/19 tax year.
- You can also access our 2017/18 calculator and 2019/20 calculator.
- Keep up-to-date with company tax changes – sign up to our free newsletter list, and we’ll also send you 20 limited company tax-saving tips.
- If you need help from an accountant, you can compare 30+ firms here.
- Please scroll down for some important assumptions.
- 2019/20 Dividend Tax Calculator
- 2017/18 Dividend Tax Calculator
- IR35 Tax Calculator
- Limited Company Profit Calculator
- Limited vs. Umbrella Company Tax Calculator
- For the sake of simplicity, we have not allowed for any other sources of income in our calculator. If you require more detailed calculations, please ask your accountant. You can compare limited company accountants here.
- Although this tool has been created with the help of our own qualified accountants, please seek professional advice if you have any questions.
- For the previous tax year, use our 2017-18 dividend tax calculator.
- The dividend tax rates for the 2018-19 tax year remain at 7.5% (basic), 32.5% (higher) and 38.1% (additional).
- The personal allowance for the 2018-19 tax year is £11,850 (tax code 1185L). However, this allowance is reduced by £1 for every £2 you earn over £100,000. This calculation is built into our calculator.
- The dividend allowance is a nil rate band which applies to the first £2,000 of dividend income from April 2018. This has been reduced from £5,000. Importantly, this allowance sits within your existing income tax bands when it comes to working out your tax liability.
- Different income tax bands and rates apply if you live in Scotland, so your total tax bill may be different to that displayed above.
- If you are not a sole-director company, nor caught by IR35, your company may be eligible to claim the Employment Allowance, which will reduce your Employers’ NIC bill by up to £3,000 per year. We have not included this in the calculator.