Salary + Dividend Tax Calculator
Estimate income tax on salary and dividends, Class 1 employee NI, and student loans for 2025/26 (England, Wales & Northern Ireland income tax on salary). For illustration only.
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Your estimate
Enter at least a salary or dividend amount to see an estimate.
Reference (2025/26)
Class 1 employee NI (salary)
8% between £12,570 and £50,270, 2% above (on relevant earnings after pension).
Dividend allowance
£500 of taxable dividends at 0% in this model (confirm on gov.uk).
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Frequently asked questions
How are salary and dividends taxed together?
Your personal allowance is applied to your salary (after pension) first, then to dividends. Income tax on salary uses the usual 20%, 40%, and 45% rates on taxable income. Dividends are taxed separately with the dividend allowance and dividend tax rates (8.75%, 33.75%, 39.35%) and sit on top of your taxable salary in the income band stack. Class 1 employee National Insurance applies to salary (after pension) only, not dividends.
Do student loan repayments include dividends?
Income-based student loan repayments for Self Assessment are generally calculated on a basis that includes your income from dividends. This calculator uses your combined salary (after pension) plus dividends for the annual estimate.
Is this suitable for company directors?
It is a simplified model for directors who take a salary and dividends. It does not replace payroll, does not include benefits in kind, multiple jobs, or company-level calculations.
Does this include corporation tax?
No. It estimates personal income tax, National Insurance, and student loans. Corporation tax on company profits is separate.