Reminder – changes in tax on dividend from 2015/16
New allowances from tax year 2015/16
•Personal allowance £11,000
•Basic rate limit £32,000
•Higher rate band £32,001 – £150,000
•Additional rate band over £150,000
Change in the tax on dividend income
•First £5,000 is tax free.
•7.5% on dividend income more than £5,000 but within basic rate band limit.
•32.5% on dividend income within the higher rate band limit.
•38.1% on dividend income within the additional rate band.
For further clarification, please contact us 0118 327 4200.
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