Tax on UK dividends in the budget30 Oct 2024 15:15
Hi, did anyone hear anything in the Budget today about any change to these rates please
I cant find anything but thought there was a one liner about it going up to 20% for basic rate band etc
I hope my ears were hearing things!!!
Tax on dividends in the UK is as follows1:
0% on the first £500 of dividend income (the dividend allowance)
8.75% on dividends within the basic rate band (£12,571 to £50,270)
33.75% on dividends within the higher rate band (£50,271 to £150,000)
39.35% on dividends above the additional rate threshold (over £150,000)
Thank you