Dividends are paid to investors who own shares in a company - they are a distribution of the profits a company has made.
This calculator helps you work out how much dividend tax you'll pay on the dividends you'll earn in the 2019-20 tax year, which started on the 6 April 2019.
To use our calculator, simply enter in the amount of dividends you think you'll earn over the 2019-20 tax year.
You'll also need to enter in your gross income for the year so that we can correctly work out what rate of dividend tax you'll pay.
If you want to know how much tax you'll pay in either the 2017-18 or 2018-19 tax years, use the 'tax year' drop down to navigate to the previous tax years.
Dividend tax calculator 2019-20
What is the dividend allowance in 2019-20?
You can earn up to £2,000 in dividends in the 2019/20 tax year before you pay any dividend income tax.
This allowance is the same as it was in 2018/19.
What are the dividend tax rates in 2019-20?
The amount of tax you pay on dividends is the same as it has been for the past two tax years.
- Basic-rate taxpayers pay 7.5% on dividends
- Higher-rate taxpayers pay 32.5% on dividends
- Additional-rate taxpayers pay 38.1% on dividends.
Read our dividend tax guide to find out more about how the tax is applied.
What were the dividend tax rates in 2018-19?
The dividend allowance isn't adjusted for inflation, and the rates haven't changed. So if you're working out your tax return for last year, the same calculations apply as in 2019-20.