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 in the yellow boxes below. The embedded Excel calculator will work out your total tax liability for the year.
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Please scroll down for some important assumptions.
|2018-19 Tax Year|
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- Although this tool has been created with the help of our own qualified accountants, please seek professional advice if you have any questions.
- Simply refresh the page if you need to start again. This Excel spreadsheet will be replaced with a bespoke application shortly.
- 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 in to 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.
- 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.
- 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.