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Tag: Dividend allowance

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Do you now need to pay tax on your dividend income?

The fall in the dividend allowance in recent years may mean that you must now pay tax on your dividend income for the first time. The dividend allowance The dividend allowance was introduced on April 6, 2016. It is available to all taxpayers regardless of the rate at which they pay tax, in addition to

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Beware of diverting dividends to minor children to fund education

Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend allowances of other family members, an alphabet share structure (whereby each shareholder has their own class of shares, e.g. A ordinary shares, B ordinary shares, etc.) provides the flexibility to

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