Dividend Tax Changes 2016 - Impact Calculator
Calculate how you will be affected by the dividend tax changes announced in the Summer Budget 2015
You can use this calculator to reveal the increase in your personal tax bill from April 2016, when the dividend tax hikes announced in the July 2015 Summer Budget take effect.
Limited company contractors typically pay themselves through a combination of salary and dividends, as it minimises tax and NIC liabilities. But the Government has moved to clamp down on this, and as of April 2016 will be introducing a tax increase of 7.5% on dividends paid out, with a new Dividend Tax Allowance on the first £5,000 dividends.
Please enter your details to find out how this affects you: