Uk Dividend Tax Rates 2024/24. For the 2024/25 tax year, a tax free dividend allowance of £500 is provided. The following table shows the updated dividend tax rates for the 2024/25 tax year:
Indeed, it shows how to calculate the income tax rate for contractors, depending on your overall total income. It’s important to understand how your total taxable income, including dividends, affects your tax liability.