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Chartered Financial Planners

Chartered Financial Planners - Independent

Tel: 01332 416585

Chartered Financial Planners

Chartered Financial Planners - Independent

Tel: 01332 416585

Divdiend Tax -Winners and Losers

How it works now

Dividends are a distribution of company profits, made after corporation tax has been deducted.

From 6/4/16 dividends will continue to be paid after corporation tax has been deducted. What is now treated as a net dividend will become a gross dividend with no accompanying dividend tax credit – these will be abolished.

Instead all taxpayers will have a tax free dividend allowance of £2,000 a year. This is in addition to the personal allowance and personal savings allowance. 

 

2018/2019

2019/2020

Non-taxpayers

0%

0%

Basic-rate taxpayers

7.5%

7.5%

Higher-rate taxpayers

32.5%

32.5%

Additional-rate taxpayers

38.1%

38.1%

 

What our customers say

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I have been with Pete for over 7 years now and he has always been friendly but professional. He gives me the best advice for my situation and needs, giving me all my options without pushing me in a particular direction.

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