Tax Free Dividend Allowance

mysk_girl

Hi, is the tax free dividend allowance of £1000 on top of the personal allowance?

I have net taxable income of £56k and receive £1k dividend on top.  I have to partially repay the child benefit. This year is the first time I've been over the lower limit. 

Done my tax return online and it is calculating that I owe 70% of the CB back and an additional £400 for 40% on the dividend? HMRC helpline said the tax free dividend allowance only applies if you have no other income but surely in that scenario I'd have my personal allowance anyway...

Dazed_and_C0nfused

There is no allowance for dividends.

The first £1,000 will be taxed at 0% (the dividend nil rate) but it's still taxable income and forms part of your Adjusted Net Income.

And your ANI is what determines any HICBC.