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Calculators

Dividend Tax Calculator

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Net dividends available (subject to profits) before reaching the Higher Rate tax threshold: £38,228

Disclaimer

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.

This is the salary paid to you before tax. This is the amount of interest paid into your bank account after tax at 20% has been deducted at source. This is the value of dividends that you have received from companies, excluding the 10% tax credit shown on the tax voucher. This is the value of any other income that you have received eg. property rental profits. It should not include the proceeds of asset disposals or tax free redundancy payments.


Take-home Pay Calculator

Not on the flat rate scheme

Second shareholder?

Monthly take home pay £6,725 (70% of annual income)
  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
Turnover £119,370 £119,370 £115,000
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
Accountancy fees £840 £840 £1,800
Salary £7,488 £100,558 £100,198
Employer’s NIC £0 £12,844 £12,794
Pre-Tax Profit £110,306 £4,392 £0
Corporation Tax £22,061 £878 £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
Gross Salary £7,488 £100,558 £100,198
Less – PAYE on Salary (£430) (£31,000) (£30,003)
Less – NIC on salary £0 (£5,346) (£5,339)
Net Dividends £88,245 £3,514 £0
Less – Tax on Dividends (£14,812) (£878) £0
Pension Contributions £0 £0 £0
Expenses £208 £208 £208
Total Income After All Taxes £80,698 £67,056 £65,064
Monthly Take home pay
Take home pay as % of annual income

Notes

  1. This calculator uses tax rates and allowances for 2012/13.
  2. No other source of income assumed.
Show detailed breakdown