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Dividend Tax Calculator

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Dividend Tax Calculator 2018/2019 and 2019/2020

By far one of the best dividend tax calculators on the web. Comprehensive details that include dividend tax, salary, national insurance, pension contributions, and many more. Why on earth would you be using any other dividend calculator?

In our dividend tax calculations example below, you take out £{{dividends.income.yearly | number : fractionSize}} in dividends, and apart from this, you have a salary of £{{earningsSliders.yearly  | number : fractionSize}} per year. Now let’s scroll down and see exactly how much tax and national insurance you’ll pay and how much net income you’ll take home after all the deductions. Feel free to play with the dividend and salary income, to   instantly see the dividend tax and national insurance liability. 



PLAY

DIVIDENDS VS SALARY PLAY AREA Slide this left and right
to switch your gross income
from salary to dividends
or vice-versa, to
see the most cost effective
combination of dividends-vs-salary.

Please note:
To change this value,
adjust your salary and dividends
individually, below on this page.



QUESTION: I am a company director, and I'll allocate £{{ (dividends.income.yearly * 1) + (earningsSliders.yearly * 1) | number : 0 }} GROSS this year (you can adjust this below) to take out from my company, whether it's through dividends, salary, or a combination of both. What is the best way to take this out, and which dividend vs salary combination will make this the most tax effective?

ANSWER: The most tax effective way to take the money out from the company is the combination on dividends and salary that gives the smallest amount of "Total liability" below. Slide this cursor to the left or right, or change the dividend and salary value independently to adjust the total value that you want to take out (that action will increase or decrease this total value of £{{ (dividends.income.yearly * 1) + (earningsSliders.yearly * 1) | number : 0 }}). NOTE: in the tax year 2019-2020, one of the most efficient dividend vs salary combination is £8,628 yearly salary (or £719/month), and the rest of the sum as dividends. Play around below and see which dividend/salary combination fits your circumstances better.

Total GROSS income (including dividends and salary) This is the full gross
income that you receive
before any deduction.
This includes:
- Salary
- Bonuses
- BIK
- Dividends

Please note:
To change this value,
adjust your salary and dividends
individually, below on this page.

£{{ (dividends.income.yearly * 1) + (earningsSliders.yearly * 1) | number : 0 }}

SALARY
£{{ (earningsSliders.yearly * 1) | number : 0 }}
DIVIDENDS
£{{ (dividends.income.yearly * 1)| number : 0 }}
Total NET income (after all deductions)

£{{ (takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1) | number : 0 }} (£{{ ((takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1))/12 | number : 0 }}/m)

Total employer (company) cost
£{{(cost_to_employer.yearly) | number : 0 }} (£{{(cost_to_employer.monthly) | number : 0 }}/m)
Total liability This is the full cost
to take out
a yearly net of £{{ (takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1) | number : 0 }} (£{{ ((takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1))/12 | number : 0 }}/m)
from the company.
The cost includes:
- PAYE tax and NI
- Bonus tax and NI
- BIK tax and NI
- Employer's NI
- Dividend tax


This also includes the
extra cost of
corporation tax
on the profits on
the sum that
is paid out as
dividends, instead
of being a salary
tax deductible expense.

The smaller this number, the better the combination is

£{{ (cost_to_employer.yearly) - ( (takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1) ) | number : 0 }}


See full results


DIVIDENDS
Your dividend income (see tax rates applied)

£


See full results


SALARY
Your salary (before tax and NI)
£
Weekly hours:
yearly gross
£{{earningsSliders.yearly | number : fractionSize}}

£{{takeHome.monthly | number : 0 }}
monthly net
yearly gross
£{{earningsSliders.yearly | number : fractionSize}}

£{{takeHome.monthly | number : 0 }}
monthly net
INCOME TAX
Tax free:
£{{earningsSliders.yearly | number : fractionSize}} £{{yearlyAllowance | number : fractionSize}}
Earnings in this tax band: £{{taxableAmountBasic | number : fractionSize}}
Tax in this band: £{{yearly_basic_tax_to_display | number : fractionSize}}
£{{yearly_basic_tax_to_display + pension_tax_relief.basic_rate_value | number : 0}} initial tax minus
£{{pension_tax_relief.basic_rate_value | number : 0}} pension tax relief

Earnings in this tax band: £{{taxableWithHighTaxSum | number : fractionSize}}
Tax in this band: £{{highEarningExtraTax | number : fractionSize}}
£{{highEarningExtraTax + pension_tax_relief.higher_rate_value | number : 0}} initial tax minus
£{{pension_tax_relief.higher_rate_value | number : 0}} higher earning
pension tax relief
No tax
Basic tax: 20%
Higher rate tax: 40%
NATIONAL INSURANCE
NI free:
£{{earningsSliders.yearly | number : fractionSize}} £{{nationalInsuranceYearlyThreshold | number : fractionSize}} £{{earningsSliders.yearly | number : fractionSize}}
Earnings in this NI band: £{{ni.above_basic_limit | number : fractionSize}}
NI in this band: £{{ni.deductable_basic | number : 0}}
Earnings in this NI band: £{{ni.above_higher_limit | number : fractionSize}}
NI in this band: £{{ni.deductable_higher | number : 0}}
No NI
{{nationalInsuranceRateA}}% rate NI
{{nationalInsuranceRateB}}% rate NI
yearly gross
£{{earningsSliders.yearly | number : fractionSize}}

£{{takeHome.monthly | number : 0 }}
monthly net
yearly gross
£{{earningsSliders.yearly | number : fractionSize}}

£{{takeHome.monthly | number : 0 }}
monthly net
INCOME TAX
Tax free:
£{{earningsSliders.yearly | number : fractionSize}} £{{yearlyAllowance | number : fractionSize}}
Earnings in this tax band: £{{taxableAmountBasic | number : fractionSize}}
Tax in this band: £{{yearly_basic_tax_to_display | number : fractionSize}}
£{{yearly_basic_tax_to_display + pension_tax_relief.basic_rate_value | number : 0}} initial tax minus
£{{pension_tax_relief.basic_rate_value | number : 0}} pension tax relief

Earnings in this tax band: £{{taxableWithHighTaxSum | number : fractionSize}}
Tax in this band: £{{highEarningExtraTax | number : fractionSize}}
£{{highEarningExtraTax + pension_tax_relief.higher_rate_value | number : 0}} initial tax minus
£{{pension_tax_relief.higher_rate_value | number : 0}} higher earning
pension tax relief
No tax
Basic tax: 20%
Higher rate tax: 40%
NATIONAL INSURANCE
NI free:
£{{earningsSliders.yearly | number : fractionSize}} £{{nationalInsuranceYearlyThreshold | number : fractionSize}}
Earnings in this band: £{{ni.above_basic_limit | number : fractionSize}}
NI in this band: £{{ni.deductable_basic | number : 0}}
Earnings in this band: £{{ni.above_higher_limit | number : fractionSize}}
NI in this band: £{{ni.deductable_higher | number : 0}}
No NI
{{nationalInsuranceRateA}}% rate NI
{{nationalInsuranceRateB}}% rate NI


Payslip simulator for £{{earningsSliders.yearly | number : fractionSize}} salary

Employee No
069
Employee name
Fery Kaszoni
Process Date
04/Apr/{{tax_year*1 + 1}}
National Insurance Number
NH000000F
Payments
Units
Rate
Amount .
Salary
{{(earningsSliders.monthly / earningsSliders.hourly) | number : 0}}
{{earningsSliders.hourly | number : 2}}
{{earningsSliders.monthly | number : 2}}
Bonus
{{(bonus.to_extract.monthly * 1) | number : 2 }}
Deductions
Amount
PAYE Tax
{{incomeTax.monthly | number : 2}}
National Insurance
{{nationalInsurance.monthly | number : 2}}
Student Loan
{{student_loan_to_deduct.monthly | number : 2}}
SEE FULL SIZE PAYSLIP HERE

Tax Calculation Results

Year
Month
Week
Day
Hour
Salary
This is your gross
salary, before
any deductions
£{{earningsSliders.yearly | number : fractionSize}}
£{{earningsSliders.monthly | number : fractionSize}}
£{{earningsSliders.weekly | number : 0}}
£{{earningsSliders.daily | number : 2}}
Bonus
£{{bonus.income.yearly | number : fractionSize}}
£{{bonus.income.monthly | number : 0}}
£{{bonus.income.weekly | number : 0}}
£{{bonus.income.daily | number : 2}}
£{{bonus.income.hourly | number : 2}}
Company car + fuel
Company fuel
£{{(company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) | number : fractionSize}}
£{{(company_car.car_income.monthly * 1) + (company_car.fuel_income.monthly * 1) | number : 0}}
£{{(company_car.car_income.weekly * 1) + (company_car.fuel_income.weekly * 1) | number : 0}}
£{{(company_car.car_income.daily * 1) + (company_car.fuel_income.daily * 1) | number : 2}}
£{{(company_car.car_income.hourly * 1) + (company_car.fuel_income.hourly * 1) | number : 2}}
Dividends
£{{dividends.income.yearly | number : fractionSize}}
£{{ dividends.income.monthly | number : 0 }}
£{{dividends.income.weekly | number : 0}}
£{{dividends.income.daily | number : 2}}
£{{dividends.income.hourly | number : 2}}
Salary Tax
£{{incomeTax.yearly | number : fractionSize}}
£{{incomeTax.monthly | number : fractionSize}}
£{{incomeTax.weekly | number : fractionSize}}
£{{incomeTax.daily | number : 2}}
£{{incomeTax.hourly | number : 2}}
Dividend Tax
£{{dividends.tax.yearly | number : 0}}
£{{dividends.tax.monthly | number : 0}}
£{{dividends.tax.weekly | number : 2}}
£{{dividends.tax.daily | number : 2}}
£{{dividends.tax.hourly | number : 2}}
Total Tax
£{{incomeTax.yearly * 1 + dividends.tax.yearly * 1 | number : 0}}
£{{incomeTax.monthly * 1 + dividends.tax.monthly * 1 | number : 0}}
£{{incomeTax.weekly * 1 + dividends.tax.weekly * 1 | number : 2}}
£{{incomeTax.daily * 1 + dividends.tax.daily * 1 | number : 2}}
£{{incomeTax.hourly * 1 + dividends.tax.hourly * 1 | number : 2}}
NI
£{{nationalInsurance.yearly | number : 0 }}
£{{nationalInsurance.monthly | number : 0}}
£{{nationalInsurance.weekly | number : 0}}
£{{nationalInsurance.daily | number : 2}}
£{{nationalInsurance.hourly | number : 2}}
Pension
£{{pension.deductable.yearly | number : 0 }}
£{{pension.deductable.monthly | number : 0}}
£{{pension.deductable.weekly | number : 0}}
£{{pension.deductable.daily | number : 2}}
£{{pension.deductable.hourly | number : 2}}
Student loan
£{{student_loan_to_deduct.yearly | number : 0 }}
£{{student_loan_to_deduct.monthly | number : 0}}
£{{student_loan_to_deduct.weekly | number : 0}}
£{{student_loan_to_deduct.daily | number : 2}}
£{{student_loan_to_deduct.hourly | number : 2}}
Net salary + bonus
£{{(takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) | number : 0 }}
This is your net pay
(take home pay)
from your salary
and your bonus
that goes into
your bank account
every month
£{{(takeHome.monthly * 1) + (bonus.to_extract.monthly * 1) | number : 0 }}
£{{(takeHome.weekly * 1) + (bonus.to_extract.weekly * 1) | number : 0 }}
£{{(takeHome.daily * 1) + (bonus.to_extract.daily * 1) | number : 0 }}
£{{(takeHome.hourly * 1) + (bonus.to_extract.hourly * 1)| number : 2 }}
Net salary + bonus
£{{takeHome.yearly * 1 - childcare_vouchers.income.yearly * 1 + (bonus.to_extract.yearly * 1) | number : 0 }}
£{{takeHome.monthly * 1 - childcare_vouchers.income.monthly * 1 + (bonus.to_extract.monthly * 1) | number : 0 }}
£{{takeHome.weekly * 1 - childcare_vouchers.income.weekly * 1 + (bonus.to_extract.weekly * 1) | number : 0 }}
£{{takeHome.daily * 1 - childcare_vouchers.income.daily * 1 + (bonus.to_extract.daily * 1) | number : 0 }}
£{{takeHome.hourly * 1 - childcare_vouchers.income.hourly * 1 + (bonus.to_extract.hourly * 1) | number : 2 }}
Company car + fuel
Company fuel
£{{(company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) | number : fractionSize}}
£{{(company_car.car_income.monthly * 1) + (company_car.fuel_income.monthly * 1) | number : 0}}
£{{(company_car.car_income.weekly * 1) + (company_car.fuel_income.weekly * 1) | number : 0}}
£{{(company_car.car_income.daily * 1) + (company_car.fuel_income.daily * 1) | number : 2}}
£{{(company_car.car_income.hourly * 1) + (company_car.fuel_income.hourly * 1) | number : 2}}
Other BIK
£{{(other_benefits_in_kind.income.yearly * 1) | number : fractionSize}}
£{{(other_benefits_in_kind.income.monthly * 1) | number : 0}}
£{{(other_benefits_in_kind.income.weekly * 1) | number : 0}}
£{{(other_benefits_in_kind.income.daily * 1) | number : 2}}
£{{(other_benefits_in_kind.income.hourly * 1) | number : 2}}
Childcare vouchers
£{{childcare_vouchers.income.yearly | number : 0 }}
£{{childcare_vouchers.income.monthly | number : 0 }}
£{{childcare_vouchers.income.weekly | number : 0 }}
£{{childcare_vouchers.income.daily | number : 0 }}
£{{childcare_vouchers.income.hourly | number : 2 }}
Net dividends
£{{dividends.net.yearly | number : 0 }}
£{{dividends.net.monthly | number : 0 }}
£{{dividends.net.weekly | number : 0 }}
£{{dividends.net.daily | number : 0 }}
£{{dividends.net.hourly | number : 2 }}
TOTAL take home
£{{ (takeHome.yearly * 1) + (bonus.to_extract.yearly * 1) + (dividends.net.yearly * 1) + (company_car.car_income.yearly * 1) + (company_car.fuel_income.yearly * 1) + (other_benefits_in_kind.income.yearly * 1) | number : 0 }}
£{{ takeHome.monthly + (bonus.to_extract.monthly * 1) + (dividends.net.monthly * 1) + (company_car.car_income.monthly * 1) + (company_car.fuel_income.monthly * 1) + (other_benefits_in_kind.income.monthly * 1) | number : 0 }}
£{{ takeHome.weekly + (bonus.to_extract.weekly * 1) + (dividends.net.weekly * 1) + (company_car.car_income.weekly * 1) + (company_car.fuel_income.weekly * 1) + (other_benefits_in_kind.income.weekly * 1) | number : 0 }}
£{{ takeHome.daily + (bonus.to_extract.daily * 1) + (dividends.net.daily * 1) + (company_car.car_income.daily * 1) + (company_car.fuel_income.daily * 1) + (other_benefits_in_kind.income.daily * 1) | number : 0 }}
£{{ takeHome.hourly + (bonus.to_extract.hourly * 1) + (dividends.net.hourly * 1) + (company_car.car_income.hourly * 1) + (company_car.fuel_income.hourly * 1) + (other_benefits_in_kind.income.hourly * 1) | number : 2 }}
Employer's cost This is the full cost
of an employee
to a company.
The cost includes:
- Salary + tax and NI
- Bonuses + tax and NI
- BIK + tax and NI
- Employer's NI
- Dividends + tax

If dividends are selected:
This also includes the
extra cost of
corporation tax
on the profits on
the sum that
is paid out as
dividends, instead
of being a salary
tax deductible expense.
£{{(cost_to_employer.yearly) | number : 0 }}
£{{(cost_to_employer.monthly) | number : 0 }}
£{{(cost_to_employer.weekly) | number : 0 }}
£{{(cost_to_employer.daily) | number : 0 }}
£{{(cost_to_employer.hourly) | number : 2 }}
Employer's NI This is the extra
National Insurance that
an employer (company) will pay
apart from the usual
tax and NI above.
This will not affect
an employee's net income.
£{{(employers_ni.ni.yearly) | number : 0 }}
£{{(employers_ni.ni.monthly) | number : 0 }}
£{{(employers_ni.ni.weekly) | number : 0 }}
£{{(employers_ni.ni.daily) | number : 0 }}
£{{(employers_ni.ni.hourly) | number : 2 }}
Corporation tax This is the corporation tax
that an employer (company) will
pay on the dividend value
as dividends are not
tax free expense
like the salaries.

Dividends are taken
out from the company
after profits
therefore you need to
pay corporation tax
on this part of the profits,
if they are not taken
out as a salary.
This will cost the company more.
This will be added
as a cost to the company,
to compare dividends vs salary.
£{{(corporation_tax.all.yearly) | number : 0 }}
£{{(corporation_tax.all.monthly) | number : 0 }}
£{{(corporation_tax.all.weekly) | number : 0 }}
£{{(corporation_tax.all.daily) | number : 0 }}
£{{(corporation_tax.all.hourly) | number : 2 }}

Payslip simulator for £{{earningsSliders.yearly | number : fractionSize}} salary

Employee No
069
Employee name
Fery Kaszoni
Process Date
04/Apr/{{tax_year*1 + 1}}
National Insurance Number
NH000000F
Payments
Units
Rate
Amount
Salary
{{(earningsSliders.monthly / earningsSliders.hourly) | number : 0}}
{{earningsSliders.hourly | number : 2}}
{{earningsSliders.monthly | number : 2}}
Bonus
£{{(bonus.to_extract.yearly * 1) | number : 0 }}
Deductions
Amount
PAYE Tax
{{incomeTax.monthly | number : 2}}
National Insurance
{{nationalInsurance.monthly | number : 2}}
Student Loan
{{student_loan_to_deduct.monthly | number : 2}}


Problems with calculations? e-mail us at {{contact_email}}

Advanced options

Your age
Under 16 Between 16 - 69 Above 69
Gender (optional) Male Female
Tax year
2019-2020 (THIS year) 2018-2019 (previous)2017-2018 2016-2017
Tax Code
(works with L codes)
{{taxCode.input}}
Weekly hours
Pension contributions
%
of income
OR
£
/ month
Student loan
No Plan 1 Plan 2
Scotland
No Yes
No NI
No Yes
The options below will be live from the 1st of Nov 2017
Bonus:
£
/
Overtime:
£
/
Age:
Under 65 75-74
Female 60-65 Over 75
Married:
{{ is_blind }}
Blind:
{{ is_blind }}

Your dividend tax explained

Use the above dividend tax calculator to calculate your tax liability, national insurance and take home pay based on the amount o you are earning. In our example above, you are taking out £{{dividends.income.yearly | number : fractionSize}} in dividends. You are also earning £{{earningsSliders.yearly | number : fractionSize}} salary - this is important, as this sum might affect the tax rate of your dividends and your tax free yearly allowance. As you didn't include any salary earnings, we'll use the dividends as your only income for this financial year in our calculations.


Important points about dividend tax

  • You'll pay no tax on the first £{{dividends.settings.initial_settings.allowance | number : fractionSize}} dividends. This is regardless of your tax band, tax code, or any other factor.
  • Your dividend tax rate will depend on your full earnings in the financial year, including salary, bonuses, and all other income added together.
  • Your dividends will be added to the end of your full earnings, therefore some parts of it might fall in one tax band, and other parts of it in a different one
  • You'll pay {{dividends.settings.initial_settings.rates.basic_rate}}% on dividends that fall into the basic rate tax band
  • You'll pay {{dividends.settings.initial_settings.rates.higher_rate}}% on dividends that fall into the higher rate tax band
  • You'll pay {{dividends.settings.initial_settings.rates.additional_rate}}% on dividends that fall into the additional rate tax band


PAYE details (non-dividend)

In the example from our calculator above, you are earning £{{earningsSliders.yearly | number : fractionSize}} a year. Because your earnings are below your yearly allowance of £{{yearlyAllowance | number : fractionSize}}, you'll pay no tax. Out of this sum, you'll pay the basic rate of {{basicTax}}% tax on £{{taxableAmountBasic | number : fractionSize}} (£{{earningsSliders.yearly | number : fractionSize}} minus your personal allowance of £{{yearlyAllowance | number : fractionSize}}, up to the higher earnings limit of £{{yearlyAllowance + highTaxLimit | number : fractionSize}}): £{{yearly_basic_tax_to_display | number : fractionSize}} basic rate tax will be deducted. Because you are earning below the higher rate tax limit of £{{yearlyAllowance + highTaxLimit | number : fractionSize}}, you'll pay no higher rate tax. Because you are earning above the higher rate tax limit of £{{yearlyAllowance + highTaxLimit | number : fractionSize}}, you'll also pay higher rate tax on £{{taxableWithHighTaxSum | number : fractionSize}} (£{{earningsSliders.yearly | number : fractionSize}} minus the higher rate limit of £{{yearlyAllowance + highTaxLimit | number : fractionSize}}) at {{highTax}}% - £{{highEarningExtraTax | number : fractionSize}} higher rate tax will be deducted.

A simplified illustration of your tax:

  • You'll pay no tax on the first £{{yearlyAllowance | number : fractionSize}} that you're earning.
  • You'll pay £{{yearly_basic_tax_to_display | number : fractionSize}} tax on £{{taxableAmountBasic | number : fractionSize}} (at {{basicTax}}%)
  • You'll pay no basic rate tax
  • You'll pay no higher rate tax
  • You'll pay £{{highEarningExtraTax | number : fractionSize}} tax on £{{taxableWithHighTaxSum | number : fractionSize}} (at {{highTax}}%)
  • Total tax paid: £{{incomeTax.yearly | number : fractionSize}}


How is your National Insurance calculated

You won't pay any National Insurance if you earn below £{{nationalInsuranceYearlyThreshold | number : fractionSize}} a year. For any earnings above £{{nationalInsuranceYearlyThreshold | number : fractionSize}} you'll have to pay National Insurance, at the rate of {{nationalInsuranceRateA}}%. Also, if you earn above £{{nationalInsuranceUpperLimit | number : fractionSize}}, your National Insurance will drop to {{nationalInsuranceRateB}}%, but only for the sum above that limit. For the sum below this limit of £{{nationalInsuranceUpperLimit | number : fractionSize}}, you'll still pay the normal rate of {{nationalInsuranceRateA}}%.

In your example, from your total salary of £{{earningsSliders.yearly | number : fractionSize}} you are earning a total sum of £{{ni.above_basic_limit | number : fractionSize}} above the National Insurance threshold that qualifies for the {{nationalInsuranceRateA}}% rate National Insurance, which means you will pay £{{ni.deductable_basic | number : 0}} normal rate National insurance. Also, because you are earning above the higher rate NI threshold of £{{nationalInsuranceUpperLimit | number : fractionSize}} a total sum of £{{ni.above_higher_limit | number : fractionSize}} will qualify for {{nationalInsuranceRateB}}% National Insurance. Because you are earning below the higher thershold limit of £{{nationalInsuranceUpperLimit | number : fractionSize}} you will pay no National Insurance in the band of {{nationalInsuranceRateB}}%. In your example, your total salary of £{{earningsSliders.yearly | number : fractionSize}} is below the National Insurance threshold of £{{nationalInsuranceYearlyThreshold | number : fractionSize}}, thefore you won't pay any national insurance.

A simplified breakdown of your National Insurance:

  • You'll pay no NI on the first £{{nationalInsuranceYearlyThreshold | number : fractionSize}} that you're earning.
  • You'll pay £{{ni.deductable_basic | number : 0}} NI on £{{ni.above_basic_limit | number : fractionSize}} (at {{nationalInsuranceRateA}}%)
  • You'll pay no National Insurance
  • You'll pay no second band NI (at the {{nationalInsuranceRateB}}% rate)
  • You'll pay £{{ni.deductable_higher | number : 0}} NI on £{{ni.above_higher_limit | number : fractionSize}} (at {{nationalInsuranceRateB}}%)
  • Total NI paid: £{{ni.deductable_higher + ni.deductable_basic | number : 0}}

Other income sources

Childcare vouchers
£
monthweek
Salary bonus
£
yearmonthweek
Is bonus included in your £{{earningsSliders.yearly | number : fractionSize}} salary?

NoYes
Company car
(BIK value)
Taxable car benefit:
£

Taxable fuel benefit:
£
yearmonth
Calculate your company car taxable value
Other benefits in kind
£
yearmonth
Dividend income
(yearly)
(for shareholders)
£



Total gross income, including all options and benefits in kind:
£{{all_earnings | number : fractionSize}}

UK Tax and NI bands used to calculate your £{{earningsSliders.yearly | number : fractionSize}} salary

Please note: changing the tax year below will change the calculations on this whole page as well. Tax year - 2019/2020 Tax year - 2018/2019 Tax year - 2017/2018 Tax year - 2016/2017

UK Tax Calculations

UK NI Calculations

UK Dividend Calculations

Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Basic tax band (20%):
£{{yearlyAllowance + 1*1 | number : fractionSize}} - £{{yearlyAllowance + highTaxLimit | number : fractionSize}}
Higher rate tax band (40%):
£{{yearlyAllowance + highTaxLimit + 1*1 | number : fractionSize}} - £{{highestTaxLimit | number : fractionSize}}
Highest rate tax band (45%):
Above £{{highestTaxLimit | number : fractionSize}}
NI threshold (allowance):
£{{nationalInsuranceYearlyThreshold | number : fractionSize}}/year
(£{{nationalInsuranceYearlyThreshold / working_weeks | number : fractionSize}}/week)
12% rate NI band:
Yearly:
£{{nationalInsuranceYearlyThreshold | number : fractionSize}} - £{{nationalInsuranceUpperLimit | number : fractionSize}}

Weekly:
£{{nationalInsuranceYearlyThreshold / working_weeks | number : 0}} - £{{nationalInsuranceUpperLimit / working_weeks | number : 0}}
2% rate NI band:
Yearly:
Above £{{nationalInsuranceUpperLimit | number : fractionSize}}

Weekly:
Above £{{nationalInsuranceUpperLimit / working_weeks | number : 0}}
Dividend allowance:
£{{dividends.settings.initial_settings.allowance | number : 0}}
Basic rate:
{{dividends.settings.initial_settings.rates.basic_rate | number : 1}}%
Higher rate:
{{dividends.settings.initial_settings.rates.higher_rate | number : 1}}%
Additional rate:
{{dividends.settings.initial_settings.rates.additional_rate | number : 1}}%

Scottish Tax Rules

Student Loan: Plan 1

Student Loan: Plan 2

Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Starter Rate ({{scottish_bands.starter.rate | number : 0}}%):
£{{scottish_bands.starter.start + 1*1 | number : fractionSize}} - £{{ scottish_bands.starter.end | number : fractionSize}}
Basic Rate ({{scottish_bands.basic.rate | number : 0}}%):
£{{scottish_bands.basic.start | number : fractionSize}} - £{{ scottish_bands.basic.end | number : fractionSize}}
Intermediate Rate ({{scottish_bands.intermediate.rate | number : 0}}%):
£{{scottish_bands.intermediate.start | number : fractionSize}} - £{{ scottish_bands.intermediate.end | number : fractionSize}}
Higher Rate ({{scottish_bands.higher.rate | number : 0}}%):
£{{scottish_bands.higher.start | number : fractionSize}} - £{{ scottish_bands.higher.end | number : fractionSize}}
Top Rate ({{scottish_bands.top.rate | number : 0}}%):
£{{scottish_bands.top.start | number : fractionSize}} - £{{ scottish_bands.top.end | number : fractionSize}}
Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Basic tax band (20%):
£{{yearlyAllowance + 1*1 | number : fractionSize}} - £{{yearlyAllowance + highTaxLimit | number : fractionSize}}
Higher rate tax band (40%):
£{{yearlyAllowance + highTaxLimit + 1*1 | number : fractionSize}} - £{{highestTaxLimit | number : fractionSize}}
Highest rate tax band (45%):
Above £{{highestTaxLimit | number : fractionSize}}
Threshold (allowance):
Yearly
£{{student_loan.plan_1.allowance | number : 0}}

Monthly
£{{student_loan.plan_1.allowance / 12 | number : 0}}

Weekly
£{{student_loan.plan_1.allowance / working_weeks | number : 2}}
Rate for earnings above threshold:
{{student_loan.plan_1.rate | number : 0}}%
Threshold (allowance):
Yearly
£{{student_loan.plan_2.allowance | number : 0}}

Monthly
£{{student_loan.plan_2.allowance / 12 | number : 0}}

Weekly
£{{student_loan.plan_2.allowance / working_weeks | number : 2}}
Rate for earnings above threshold:
{{student_loan.plan_2.rate | number : 0}}%


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