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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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In our situation we were finding it very difficult to get help and information from our pension provider. After our first meeting with Pete, within about 2 weeks he had acquired all the information we had requested, then discussed all options available to us, explaining anything we were unsure of. 

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Personal Pension Client