Monthly Archives: March 2016

Personal savings allowance update

March 14th, 2016

From 6 April 2016, the personal savings allowance (PSA) will allow basic rate taxpayers to receive up to £1,000 of savings income tax-free. For higher rate taxpayers, this limit will be £500. HMRC have published guidance setting out details of what counts as savings income and how the allowance will be calculated, including some useful […]


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Practical implications of the dividend tax allowance

March 3rd, 2016

The new rules governing the taxation of dividends are set to take effect in relation to dividends received after 5 April 2016. The changes include: – a £5,000 dividend nil rate (also known as the ‘dividend tax allowance’ (DTA)), which will effectively tax at the nil rate, the first £5,000 of taxable dividend income (i.e. […]


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