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A comment on UK middle classes 'struggling despite incomes of up to £60k a year'. Parent comment

Re:UK middle classes 'struggling despite incomes of up to £6... by doix on Tuesday February 20, 2024 @06:13AM (#39439942)
So all the comments made me start second guessing myself, so I went and checked. The difference is pretty staggering to me. You also don't pay national insurance on your dividend income, which helps. But you are right, you add the income from dividends to your regular income to figure out your tax bracket, but the rates are much lower:

https://www.gov.uk/tax-on-dividends

https://www.gov.uk/income-tax-rates

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Re:UK middle classes 'struggling despite incomes of up to £6... by callamdelaney on Tuesday February 20, 2024 @06:22AM (#39440004)
The dividend rates are a few percent lower, but remember to issue a dividend you must first make a profit and profit is taxed at 20% flat.
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