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