Tax on Dividends

Written By Rosanna

The taxation of dividends has changed.

From April 2016 the notional 10% tax credit on dividends has been abolished. 

Instead a £5,000 tax-free dividend allowance has been introduced. 

Dividends above this level will be taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate) 

Dividends received by pensions and ISAs will be unaffected

Rosanna

With 8 years as a Squarespace Circle Member, website designer and content creator, Rosanna shares tips and resources about design, content marketing and running a website design business on her blog. She’s also a Flodesk University Instructor (with 8+ years expertise in email marketing), and runs Cornwall’s most popular travel & lifestyle blog too.

http://www.byrosanna.co.uk
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