By Jonathan London on 23rd March 2016

Introducing Boox’s New Dividend Tax Calculator

Dividend Tax calculator

We’d like to introduce you to our brand new Dividend Tax Calculator. We’ve created this so you can easily work out what your dividend and tax obligations are for the current tax year, and compare them to next year’s.

Calculating your dividend and tax obligations can be a pain. As you’re probably already aware, the way Dividend Tax is calculated will be changing this April. We’ve released a new feature to help you adjust to this change.

Maximising take home pay is one of the key reasons why freelancers and contractors decide to operate through a limited company. This is done by taking a lower wage and topping it up with dividends. Dividends are exempt from National Insurance contributions, making this a more tax efficient way of getting paid. However, dependent on your circumstances, you still have to pay some tax on dividend payments.

You can use the Dividend Tax calculator to see the impact of the new dividend tax changes and find out what tax you’ll owe and the income you’ll get from your business year.

If you need more information on how the Dividend Tax Changes might impact your business, check out this blog post, or contact us for a chat.

Jonathan London Written by Jonathan London

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Emily Ewin New Client Manager
Emily Ewin New Client Manager