Tax on £75,000 in Dividends (2026/27)
By Simon Austerberry, Founder of Quarterday
See the tax on £75,000 in dividends, on top of a £12,570 salary, for 2026/27.
Salary, dividends and tax bands change through the year. Quarterday recalculates your tax and your safe-to-spend number each time they do.
Tax on £75,000 in dividends
These figures use a £12,570 salary, no other income, and the standard tax code (1257L).
| 2026/27 | 2025/26 | |
|---|---|---|
| Dividend tax | £17,333.75 | £15,843.75 |
| Take-home pay | £70,236.25 | £71,726.25 |
| Monthly take-home | £5,853.02 | £5,977.19 |
Your £12,570 salary uses up your whole personal allowance, so it pays no income tax. Your dividends sit on top of it.
- The first £500 of dividends is tax-free.
- The next £37,200 falls in the basic rate band, taxed at 10.75%.
- The remaining £37,300 falls in the higher rate band, taxed at 35.75%.
What changed since 2025/26
The basic rate and the higher rate each rose by 2 percentage points on 6 April 2026, from 8.75% and 33.75%.
On £75,000 in dividends, that rise costs £1,490.00 more: from £15,843.75 in 2025/26 to £17,333.75 in 2026/27, a 9.4% increase.
See the 2025/26 dividend tax calculator for the rates and figures before this rise.
A heads up on payments on account
The increase in the 2026/27 dividend tax rates could mean higher payments on account, if you pay yourself a similar amount this year as last year.
Payments on account (POA) are two advance payments towards next year's tax bill. Each one is half of your last tax bill.
If you take the same £75,000 in dividends again, here is the extra you would pay, in addition to your tax bill:
| Extra POA to pay | |
|---|---|
| January 2028 | £745.00 |
| July 2028 | £745.00 |
| Total for the year | £1,490.00 |
How much tax will I pay on £75,000 in dividends?
£17,333.75 in the 2026/27 tax year, on a £12,570 salary with no other income.
£15,843.75 of that £75,000 would have been due under the 2025/26 rates, £1,490.00 less.
How much of £75,000 in dividends falls in the higher rate band?
£37,300 of it, taxed at 35.75% instead of 10.75%.
Your salary uses up your basic rate band first. Since a £12,570 salary is fully covered by your personal allowance, it leaves no basic rate band unused, so your dividends fill it from zero, then spill into the higher rate band once they pass £37,700.
When do I pay tax on £75,000 in dividends?
On 31 January 2028, for dividends taken in the 2026/27 tax year. Because the bill is over £1,000, that date also carries your first payment on account towards 2027/28.
You pay £10,156.87 on 31 January 2028: the £1,490.00 balancing payment for 2026/27, plus an £8,666.87 payment on account. You then pay £8,666.88 on 31 July 2028, the second payment on account.
These figures are based on a previous year's dividend of £75,000, not your actual 2027/28 income. HMRC adjusts them once you file your 2027/28 return.
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.
- Payments on account assume your 2027/28 dividends match 2026/27.
The figures on this page are an estimate, from HMRC's published rates, checked each April. Check your position with a qualified accountant before you act on it.
See the full salary and dividend tax calculator to change these figures, or HMRC's Tax on dividends.
Other amounts:
Updated 18 Sep 2026