Dividend tax increase April 2022

Since April 2016, the rates of Income Tax applicable to dividend income have been 7.5%, 32.5% and 38.1% for basic, higher and additional rate taxpayers respectively. Any individual who has dividend income can benefit from the dividend allowance which has been set at £2,000 since April 2018. Dividends within the allowance are not charged to … Continue reading Dividend tax increase April 2022

New 1.25% Health and Social Care Levy – National Insurance and Dividends

Prime Minister pledges to tackle NHS Covid backlogs and cut waiting times with £36 billion for health and social care‘Responsible, fair, and necessary’ action to provide the biggest catch-up programme for the NHS and reform to adult social careNHS capacity to increase to 110% of planned activity levels by 2023/2024: more appointments, treatments, and operationsSocial … Continue reading New 1.25% Health and Social Care Levy – National Insurance and Dividends