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Hi, Great multi income tax calculator but I can find any definition of NET dividend and NET savings Income. NET of what?

Philip Burman - 20/01/2016 00:03:44

Hi Philip, The Net Dividend is the amount of the dividend received as shown on the dividend voucher. This amount would be net of the dividend tax credit. Net savings income for pre-2016/17 tax years is the amount of savings interest received on your bank or building society statement. The banks/building society would deduct 20% at source so the interest is provided net of the deduction.

Ray Arman

Multi source tax wizard is brilliant.

Robert Ghest - 08/01/2016 01:29:22

Hello! Do you have an option to subscibe the news sent to email?

Kat - 22/12/2015 00:14:17

Yes! We have now added this feature so you can receive article updates direct to your email.

Ray Arman

really good

Sun - 20/12/2015 18:44:00

the 2016/17 dividend tax seems to be wrong as it assumes the £5000 0% band is given against higher rates.

Fred - 14/10/2015 16:57:45

The details within the Summer Budget 2015 policy paper state that from April 2016 the Dividend Tax Credit will be removed and replaced with a new tax-free Dividend Allowance of £5,000 a year for all taxpayers.

Ray Arman

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