Dividends

From 1st April 2016 there will no longer be a 10% tax credit attached to dividends. The first £5,000 will be taxed at 0%, then anything above that up to the higher rate band will be at 7.5% and over £45,000 will be at 32.5% for 2017/18 and £46,350 for 2018/19.

The 0% band will reduce to £2,000 from £5,000 as of April 2019.

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