Dividends

Paying dividends the tax-efficient way

When your limited company makes a profit, you can choose to pay a percentage of that profit to your shareholders. This is known as a dividend payment and is one of the most common ways for directors and shareholders to extract cash from a successful business. But did you know that the dividends you receive are taxed separately...

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Dividend thresholds for 2021/2022

On 6 April 2021 the tax-free allowance for dividends remains the same at £2,000.  However, the personal allowance will increase to £12,570. The dividend allowance is in addition to your personal allowance. There are no dividend tax credits anymore.  All dividends are deemed to have been paid gross. The standard rate of tax on dividends is 7.5%. Dividend...

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