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Do I need to pay tax on my dividends?
System
Posts: 178,375 Community Admin
in Cutting tax
This discussion was created from comments split from: Carers Allowance - Are dividends earnings or income?.
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I am a full time carer for my disabled son in receipt of carers allowance. I am not in any paid work, but I do have some stocks and shares not in an ISA. There are likely to be some dividends. Do I need to pay tax on the dividends? Can anyone clarify the tax rules.0
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It depends upon how much you're talking about.You have your personal allowance as indicated by your tax code, plus the dividend allowance of £500.If all your taxable income including dividends is lower than your personal allowance plus the dividend allowance then there will be no tax to pay on any dividend income.0
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@freddy1968 - we've split this into its own thread on the tax boardOfficial MSE Forum Team member. Please use the 'report' button to alert us to problem posts, or email forumteam@moneysavingexpert.com0
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