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Hello,
Answer to Question 14. Could you please explain the split?
The dividend of Kate is 7000 of which Kate is entitled to nil rate band for 1000 for the tax year 2023/24. the remaining dividend is 6000 and has been split into 3,270 @8.75% and 2,730@33.75%. BUT how did you split this?
I understand the rates for the dividends, however, didn’t get how the remaining 6000 dividend you split. Thanks in advance!
Regards,
Thanks so much for your reply, however, I still didn’t understand the way of it’s splitting.
Could you please put a little highlight over it?
I do hope you have watched the lecture and I am not repeating myself….
Kate is HR tax payer.Her BR bands are extended by the gross gift aid she made meaning that the first 40200 will all be at basic rate tax.
non-savings 32430
savings 500
savings 3500total 35930 meaning she still has some brb left – 4270
didvdends 1000
dividends 3270all the brb has been used so the rest of the dividend income is taxed at HR
That’s very kind of you – thanks so much for this great explanation. Yes, I’d watched but didn’t get it so I came to you.
Appreciate it.
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