I have a personal income of 60,000 GBP (Salary) and Dividends (15,000) from shares not ISA.
I am high rate tax payer, having 12,500 allowance. Understand the band to high rate is at 37,500 and the dividend rates are:
7,5 % LR, 32,5 % HR
How much dividend tax do I need to Pay.
Is it correct under stood 2,000 dividend is tax free the remaining: 13,000 is taxed at 32,5%??