Dividend Tax Calculator 2024/25
By Simon Austerberry, Founder of Quarterday
Work out the tax on your salary and dividends for the 2024/25 tax year, and compare it with the current rates.
Salary, dividends and tax bands change through the year. Quarterday recalculates your tax and your safe-to-spend number each time they do.
Dividend tax rates for 2024/25
| Band | Dividend income | 2024/25 | 2026/27 |
|---|---|---|---|
| Dividend allowance (nil rate) | The first £500 of dividends | 0% | 0% |
| Basic rate | £0 to £37,700 | 8.75% | 10.75% |
| Higher rate | £37,701 to £125,140 | 33.75% | 35.75% |
| Additional rate | Over £125,140 | 39.35% | 39.35% |
Salary tax for 2024/25 is the same as 2026/27: a £12,570 personal allowance, 20% up to £50,270 of taxable income, 40% up to £125,140, then 45%.
Employee National Insurance is 0% up to £12,570, then 8%, then 2%.
The 8% rate took effect on 6 April 2024, so it applies for the whole of 2024/25.
Only the dividend rates rose after 2024/25, on 6 April 2026.
How much tax on dividends in 2024/25
These figures assume a salary of £12,570, no other income and the 2024/25 rates. They show dividend tax only.
| Dividends | Tax 2024/25 | Tax 2026/27 (current year) | Increase |
|---|---|---|---|
| £20,000 | £1,706.25 | £2,096.25 | £390.00 |
| £30,000 | £2,581.25 | £3,171.25 | £590.00 |
| £40,000 | £4,031.25 | £4,821.25 | £790.00 |
| £50,000 | £7,406.25 | £8,396.25 | £990.00 |
| £70,000 | £14,156.25 | £15,546.25 | £1,390.00 |
| £100,000 | £25,852.50 | £27,842.50 | £1,990.00 |
| £125,000 | £36,557.33 | £38,798.73 | £2,241.40 |
What are the dividend tax rates for 2024/25?
The basic rate is 8.75%, the higher rate is 33.75% and the additional rate is 39.35%.
These rates applied from 6 April 2024 to 5 April 2025.
When was tax due on 2024/25 dividends?
On 31 January 2026, through Self Assessment. That date has passed.
If you have not yet filed, HMRC can charge a late-filing penalty and interest on any unpaid tax. Check your position with HMRC or a qualified accountant.
Why would I still need the 2024/25 rates?
If you are amending a Self Assessment return for the 2024/25 tax year, or checking a dividend paid between 6 April 2024 and 5 April 2025.
You can usually amend a Self Assessment return up to 12 months after its filing deadline, so a 2024/25 return could still be amended.
What this figure assumes
- A £12,570 salary, taken through PAYE, and no other income.
- Full personal allowance and tax code 1257L.
- A taxpayer outside Scotland. Dividend tax rates do not differ in Scotland, but salary tax would.
- No pension contributions, salary sacrifice, or other reliefs.
This is an estimate, from HMRC's published rates, checked each April. Check your position with a qualified accountant before you act on it.
See the 2026/27 calculator for the current tax year, the 2023/24 calculator for the year before, or HMRC's Tax on dividends.
Updated 22 Sep 2026