Dividend Allowance: every value since 2016
The amount of dividend income a person can have each tax year without paying tax on it, introduced in April 2016.
HM Revenue and Customs gives 11 values for this rate, from £5,000 in 2016 to 2017 to £500 in 2026 to 2027. Of the 10 year-to-year steps, it stayed the same in 7, went up in 0 and went down in 3. The largest fall was -60.0%, in 2018 to 2019, from £5,000 to £2,000. Across the whole series the cash value changed by -90.0%. The value in 2025 to 2026 was the same as the one before; ONS CPI inflation for calendar year 2025 was 3.4%. Ten years before the latest value, in 2016 to 2017, it was £5,000. Income Tax receipts were £326.9 billion in 2025 to 2026, according to HMRC.
Dividend Allowance
| Tax year | Dividend Allowance (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £500 | – | not yet published |
| 2025 to 2026 | £500 | – | 3.4% |
| 2024 to 2025 | £500 | -50.0% | 2.5% |
| 2023 to 2024 | £1,000 | -50.0% | 7.3% |
| 2022 to 2023 | £2,000 | – | 9.1% |
| 2021 to 2022 | £2,000 | – | 2.6% |
| 2020 to 2021 | £2,000 | – | 0.9% |
| 2019 to 2020 | £2,000 | – | 1.8% |
| 2018 to 2019 | £2,000 | -60.0% | 2.5% |
| 2017 to 2018 | £5,000 | – | 2.7% |
| 2016 to 2017 | £5,000 | 0.7% |
Source: HMRC Table A.1.
CPI: ONS series D7G7, for the calendar year the period starts in. About these tables · CSV
Related pages
Sources and receipts
- Table A.1 Income Tax personal allowances and reliefs, HM Revenue and Customs.
File: Table_a1_-_Income_Tax_-_personal_allowances_and_reliefs.ods. Read 2026-10-15. SHA-256
5b91e2bb93f0bc69c36a8dacb5605497fe169b5632dc4bdef255502daed8bde4 - Consumer price inflation time series (MM23), Office for National Statistics.
File: mm23.csv. Read 2026-10-15. SHA-256
1b78749ea634755b83064d88f4fc6f7dd177e0c41d8b573c9d8172b8d3fff641