Tax free allowance on Dividends.

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    Tax free allowance on Dividends.

    Yesterday's Sunday Times ( 16 July 2017) reported the Annual tax-free allowance for dividends will be reduced from £5000 to £2000 from next April 2018

    Any dividend over the limit will be taxed at 7.5% for basic rate payers and 32.5% or 38.1% for higher rate payers ,


    I would not be surprised if the tax-free allowance goes drops to NIL in 2019

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