Sorry. You need to upgrade your browser

You are using Internet Explorer 8

This is considered an out of date browser. This website has been developed with modern browsers in mind to allow it to display at its best in a wide variety of viewing situations - including mobile viewing. But we haven't supported older browsers like IE8. Please upgrade to the latest version of Internet Explorer - or try Mozilla Firefox or Google Chrome. Both are excellent browsers.

Thank you.

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

Quote

Ginny pretty much has done everything for me. I'm careful with my money but not necessarily financially savvy or have the willingness to be so. Ginny's enthusiasm and professionalism bridges the gap to my incompetence in this field.

Quote

Craig, Nottinghamshire