Dividend tax

Dividend tax

The tax rules for dividends changed from 6 April 2016.

Basically, when you receive more than £5,000 in dividends, there will be an additional tax at 7½ % on the dividends above £5,000.

It is true that for some people there is no way to avoid this. However, for some there are ways to mitigate against this. For our clients, we have been making the changes since last summer.

If you accountant has not already planned this then you should be meeting us. Planning is about looking ahead - not just at the past.

If you are not already a client, why not call Peter Hill to arrange a free 1-hour meeting where we can discuss how we work for you and not for HMRC