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Change to tax on dividend : A new Dividend Allowance has been introduced

29 Jul 2016, 09:42

https://www.myroyalmail.com/news/2016/0 ... x-dividend

In April, the Government introduced a new Dividend Allowance. Under this allowance, you do not have to pay tax on any income you receive from dividends up to £5,000 a year.

This means if you only receive dividend income from Royal Mail Free Shares you hold, you won’t have to pay tax on any dividends you may receive on these shares.

For any dividend income you receive over the £5,000 allowance, the following rates apply:

    7.5% on dividend income for basic rate taxpayers
    32.5% on dividend income for higher rate taxpayers
    38.1% on dividend income for additional rate taxpayers

Change to tax on dividend : A new Dividend Allowance has been introduced

01 Jan 2017, 16:25

Would like this include Christmas bonus to be tax free as well.

Change to tax on dividend : A new Dividend Allowance has been introduced

01 Jan 2017, 16:27

Darren Bent wrote:Would like this include Christmas bonus to be tax free as well.



No its a Bonus not a dvidend

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