Dividend Tax · 2023/24
UK Dividend Tax in 2023/24 by Amount
Pick a dividend amount to see exactly how much tax you would have paid in the 2023/24tax year, using that year's dividend allowance (£1,000) and rates (8.75% basic, 33.75% higher, 39.35% additional).
What was different about 2023/24
The 2023/24 dividend tax year was the first under the halved dividend allowance — cut from £2,000 to £1,000 from 6 April 2023. Rates stayed at 8.75% / 33.75% / 39.35%, but more small shareholders started paying dividend tax for the first time.
2023/24 dividend tax structure
Dividend allowance
£1,000 / year
Basic rate
8.75%
Higher rate
33.75%
Additional rate
39.35% above £125,140
Pick a dividend amount
Other years
Related
Disclaimer: Figures assume £30,000 of other (non-dividend) income to model a realistic basic-rate band capacity scenario, plus the published 2023/24 HMRC dividend allowance (£1,000) and rates. Your actual dividend tax depends on your total income, pension contributions, and other reliefs.