Reduction to the tax-free dividend allowance – April 2018

From 6 April 2018, the tax-free dividend allowance fell from £5,000 to £2,000. We’ve received quite a few questions around this so we thought it was worth reminding you about the reduction which was included in the Finance Act 2017. From 6 April 2018, the dividend allowance (DA) taxes the first £2,000 of dividend income at nil, then: 5% basic … Read More