Ordinary Dividend Tax Rate 2024 Uk. The finance act 2024 which received royal assent on 24 may 2024,. You only pay tax on income from dividends above the dividend allowance.

The dividend allowance is the amount of dividends you can receive before they incur any tax and in the 2024/25 tax year any. This measure increases the rates of income tax applicable to dividend income by 1.25%.