Property News · March 11, 2017

Budget 2017: tax on dividends will be a raid on 2 million small investors


For many, the stock market looked a better bet than rock-bottom interest rates, but the cut to a key allowance next year will change all thatIt wasn’t just the self-employed who took a budget battering this week. Philip Hammond also mounted a £2.6bn tax raid on more than 2 million people, many of whom are “ordinary investors” who have turned to the stock market because interest rates are so low.Those affected will typically have to pay several hundred pounds more in tax each year on the dividend income they receive from their shares-based investments – though some with large portfolios could face an annual “hit” of £1,000-plus. Continue reading…

Source : theguardian.com
Read more…Budget 2017: tax on dividends will be a raid on 2 million small investors

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