The Spring Budget 2017 announced that the dividend tax free allowance will be reduced from £5,000 to £2,000 from 6th April 2018. This will result in a decrease in disposable income.

An increase in taxable dividends will result in shareholders becoming worse off. This is likely to be reaffirmed in the Spring 2018 statement. It is important your financial affairs are organised in the most tax efficient way to minimise the amount of tax you pay. Feel free to contact us on how we can help with this.