Salary = £8,000, Net dividend = £1, Other income = £0, Tax code = 1257L
Dividend Information
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- For 2016/2017 there is a Dividend Tax Allowance of £5,000, making £0 of your dividend potentially taxable.
- Your total taxable income of £8,000 is less than your personal allowance of £12,970.
- No extra tax is payable on your dividend.
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