Salary = £8,000,
Net dividend = £1,
Other income = £0
Tax code = 1257L,
Tax year = Fiscal Year 2022/2023.
- The Dividend Tax Allowance is £2,000, making £0 of your dividend potentially taxable.
- Your total taxable income of £8,000 is less than your personal allowance of £12,570.
- No extra tax is payable on your dividend.
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