Tide, the UK business management platform, has launched a new Dividends boost feature, becoming the first connected bank account in the UK to offer both payroll and dividends within a single platform.
The expansion is specifically aimed at the UK’s large population of single-director companies—which make up roughly 80% of new business formations—and SMEs with small teams. Most Limited Company directors in the UK use a mix of salary and dividends for tax efficiency, but managing the two usually involves fragmented administrative tasks.
The new feature builds on Tide Payroll, which was established following Tide’s October 2024 acquisition of the HMRC-recognised payroll solution OnFolk. By adding Dividends boost, Tide now allows directors to manage their entire financial workflow—staff wages, pensions, accounting integrations, and personal dividend payments—in one interface.
The integrated solution enables directors to:
Pay themselves efficiently through a combined salary and dividend model.
Automate compliance by instantly generating HMRC-ready dividend vouchers and board resolutions.
Manage unified workflows, tracking all payments and historical data alongside their core banking.
George Schmidt, UK/Europe CEO at Tide, noted that by integrating these payments directly with banking and accounting, the platform is removing one of the final administrative hurdles for company directors. Tide member Elliott Steer of Spectrum Antiques added that the consolidated app has significantly saved time on staff onboarding and wage management.
The Dividends boost is available as an add-on for members using Tide Payroll for an additional £5 per month (+ VAT). Tide Payroll itself starts at £12 per month (+ VAT) for up to two team members.