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Calculator · 2024/25

Dividend Tax Calculator for 2024/25

Work out the tax on your dividends for the 2024/25 tax year. The calculator stacks dividends on top of your other income, just as HMRC does. Ad-free, no sign-up.

This is the 2024/25 tax year, which has ended. Use the current dividend tax calculator (2026/27).

For 2024/25 the first £500 of dividends was tax-free, then dividends were taxed at 8.75%, 33.75% or 39.35% depending on the income-tax band they fall into. The dividend allowance halved from £1,000 to £500 for 2024/25. The dividend rates and income-tax bands were unchanged. Enter your income and dividends below.

Salary, pension or other income — this sets which tax band your dividends fall into.
Total dividends for 2024/25 held outside an ISA or pension.
Your dividend tax · 2024/25
Dividend income£5,000.00
Tax-free (£500 dividend allowance)−£500.00
£4,500 taxed at basic rate (8.75%)£393.75
Dividend tax due£393.75
How your dividends are taxed

Of your £5,000 of dividends: £500 tax-free, then £4,500 in the basic-rate band.

Effective rate on dividends 7.9% · after-tax dividends £4,606.25

In an ISA. Held inside a stocks and shares ISA these dividends would be tax-free — a saving of £393.75.

Estimate only · England, Wales & Northern Ireland · 2024/25 · Scottish taxpayer?

What is the dividend allowance for 2024/25?

£500 — the first £500 of dividends was taxed at 0%, though it still uses up space in your tax band. Dividends above it are taxed at your dividend rate.

What are the 2024/25 dividend tax rates?

After the £500 allowance at 0%, dividends was taxed at 8.75% in the basic-rate band, 33.75% in the higher-rate band and 39.35% in the additional-rate band, depending on where they fall once stacked on your other income.

What changed for 2024/25?

The dividend allowance halved from £1,000 to £500 for 2024/25. The dividend rates and income-tax bands were unchanged.

Are dividends in an ISA taxed in 2024/25?

No. Dividends held inside a stocks and shares ISA or a pension was free of UK tax in 2024/25, however large. Only dividends held outside a tax shelter count towards the figures above.

Other years & related

This calculator gives a general estimate of dividend tax for the 2024/25 tax year and is not tax advice. It assumes English, Welsh or Northern Irish rates and does not account for every personal circumstance. Check gov.uk or a qualified adviser before acting.

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