Tag Archives: Dividends

Changes to Dividend Tax

Changes to Dividend Tax From 6 April this year the tax-free allowance for people who receive income from dividends will be cut from £5,000 to £2,000. You will be affected if, for example, you receive dividends outside your individual savings account (ISA) allowance or pension. If you are a basic-rate taxpayer you will pay 7.5%. Higher-rate taxpayers will pay 32.5%…