Gary's income for the tax year 2023/24 comprises a salary of £115,140 and dividends of £20,000. He is not entitled to a personal allowance.

How will his dividends be taxed?

Question

Gary's income for the tax year 2023/24 comprises a salary of £115,140 and dividends of £20,000.  He is not entitled to a personal allowance. 
 
 How will his dividends be taxed?

Answer

All at 39.35%

Answer

£10,000 at 33.75% and £10,000 at 39.35%

Answer

£1,000 at 0% and £10,000 at 33.75% and £9,000 at 39.35%

Answer

£1,000 at 0% and £9,000 at 33.75% and £10,000 at 39.35%

Crowdly

Gary's income for the tax year 2023/24 comprises a salary of £115,140 and divide...

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