Tag Archives: Tax

Dividends and Discretionary Trusts

Following the changes in dividend taxation that apply to individuals for 2016/17, changes have also had to be made to the taxation of dividends and discretionary trusts. In basic terms, this means that because dividends are paid gross, dividends that fall … Continue reading

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Mansion tax troubles

Those owning properties worth more than £3million will be hit with tax bills starting from £10,000 under a Labour government, according to research by the Institute for Fiscal Studies (IFS). Under the party’s mansion tax plans, homes worth between £2m … Continue reading

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Making the most of your ISA allowance

It’s too late to take advantage of your 2013/2014 ISA allowance however this tax year sees some momentous changes to the ISA landscape that make ISAs even more enticing. The ISA allowance is currently £11,880 but from 1 July 2014 ISAs … Continue reading

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Five great reasons to pay into a pension this tax year

We all know that saving for retirement is important. But it’s also difficult. Spend it today and it’s not possible to spend it tomorrow. The government knows that it’s both difficult and important. That’s why they give away free money and reduce tax … Continue reading

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