Dividend tax help please

[AppleCrumble]

Using the GOV.UK page as reference it's not clear to me exactly how much dividend tax I may need to pay as unlike their example my total taxable income would cross into the Higher Rate band.

Dividend tax rates:
Basic rate 7.5%
Higher rate 32.5%

Here's an example.

I get dividends outside of my ISA/SIPP totalling £7k.
The dividend allowance is £2k, therefore I pay tax on £5k of dividends.
My other taxable income for year is £48k.
I add £48k to £7k to make my total taxable income £55k - putting me over the £50k threshold and into the higher rate of 32.5% dividend tax.

Would I pay 32.5% tax on the full taxable amount of £5k?

Or

Would I pay 7.5% tax on the first £2k and 32.5% on the remaining £3k?

[scrumpyjack]

I think you would pay 32.5% tax on £5,000 of dividends. The 0% rate applies to the first £2,000 of dividends due to the dividend allowance.

That's what comes out of the Excel spreadsheet another Lemon wrote last year which worked fine then and I have just adjusted it for the 19/20 allowances etc

[recklesssaving]

Would I pay 7.5% tax on the first £2k and 32.5% on the remaining £3k?

You’ll be taxed on this based, fill in the online SA and it’ll work it all out for you.