Dividend Tax Calculator
This calculator is to give an approximate guide for clients to calculate tax payable.
Always consult your accountant before making decisions based on these calculations. No responsibility for loss occasioned by any person acting or refraining from action as a result of this calculation can be accepted by the author or the company.
Take-home Pay CalculatorWarning: your expenses currently exceed your annual income. Please reduce your costs. Your annual pension contribution exceeds the annual allowance of £50,000 – you may therefore incur an additional tax charge on the excess contribution. Please refer to our pensions factsheet for more details about the tax implications of pension contributions.
|Outside IR35||Inside IR35||Umbrella|
|Annual Income @ £500 per day||£115,000||£115,000||£115,000|
|Add Flat Rate VAT Saving||£4,370||£4,370||£0|
|Mileage @ 0 miles per day||£0||£0||£0|
|Home office @ £4 per week||£208||£208||£208|
|Pension contributions @ £0 per month||£0||£0||£0|
|Other expenses @ £0 per day||£0||£0||£0|
|Post Tax Profit||£88,245||£3,514||£0|
|Dividends declared (net)||£88,245||£3,514||£0|
|Profit Retained in the company||£0||£0||£0|
|Personal Income Details|
|Less – PAYE on Salary||(£430)||(£31,000)||(£30,003)|
|Less – NIC on salary||£0||(£5,346)||(£5,339)|
|Less – Tax on Dividends||(£14,812)||(£878)||£0|
|Total Income After All Taxes||£80,698||£67,056||£65,064|
|Monthly Take home pay|
|Take home pay as % of annual income|
- This calculator uses tax rates and allowances for 2012/13.
- No other source of income assumed.