Budget summary – Dividend tax to increase

Budget summary –

Dividend tax to increase

  • Reduction on tax-free allowance on share dividends from £5,000 to £2,000
  • The measure, affecting small business owners and investors, will come into force in April 2018, raising £2.63bn by 2021-2022
  • Dividend income paid on shares held in a stocks and shares ISA will remain tax free.

 

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