08 Sep Dividend Tax Increases
As part of the governments Health and Social Care proposals, an increase of 1.25% to all current dividend tax rates has been announced with effect from 6 April 2022.
The increase will apply to all taxable dividends outside of the personal allowance and dividend allowance.
- Current Dividend Rates;
- Rates from 2022/2023.
|Higher rate||Additional rate|
Dividends received in ISA’s will continue not to be subject to tax.
The dividend tax increase is intended to ensure business owners and investors also contribute as well as employed earners.