HMRC has issued a Dividend Allowance Factsheet.
This confirms that this ‘simpler’ system will mean that only those with significant dividend income will pay more tax i.e. most small business’.
However, investors with modest income from shares, you’ll see either a tax cut or no change in the amount of tax they owe. So a higher rate taxpayer with dividend income of less than £5,000 will pay no tax on this income.
HMRC Dividend Allowance Factsheet includes a number of examples. Click link here.
No payment card information required
Make your job a lot easier with our easy-to-use range of financial planning calculators.
Designed to assist IFAs in their day-to-day activities. Using our calculators, you can quickly calculate and understand results through simple figures and/or charts.
If you have any questions, please feel free to contact us.
TFP calculators is part of Technical Financial Planning limited, registered uk company number 8594577, registered office address at Whiteacres, Cambridge Road, Whetstone, Leicestershire. LE8 6ZG.
