Unearned income

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Unearned income - Carers UK Forum

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Unearned income

: Malcolm_2001 Online; Member

: Posts: 1; Joined: Thu Jan 23, 2020 5:13 pm

Thu Jan 23, 2020 5:17 pm

by Malcolm_2001 » Thu Jan 23, 2020 5:17 pm

I receive a small income from dividends. Is this included in calculation my total earnings? I am retired but not in receipt of any state or private pensions.

Re: Unearned income

: Chris From The Gulag Online; Member

: Posts: 10335; Joined: Sat Sep 17, 2016 7:21 pm; Location: Worksop Gulag : Dissident : No Parole : Maximum Security Wing : Do NOT Feed After Dark !

Thu Jan 23, 2020 5:18 pm

by Chris From The Gulag » Thu Jan 23, 2020 5:18 pm

Yes.

If a standard rate taxpayer , income tax deducted at source.

If enough leeway within the limit , said income tax can be reclaimed back from HM Revenue and Customs.

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

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