Posts Tagged ‘dividends’
Tax-Free Dividend Allowance
What is the Tax-Free Dividend Allowance? The Tax-Free Dividend Allowance is a specific threshold up to which individuals can receive dividend income without having to pay tax on it. In the 2023/24 tax year, the allowance was set at £1,000. This allowance is relevant to individuals who receive dividends, either from investments in companies or…
Read MoreMastering the Art of Tax Efficiency: Director’s Salary and Dividend Strategies for 2023/24
Stay Ahead with Tax-Efficient Strategies With no further changes announced in the 2023 Spring Budget, it’s time to explore the most tax-efficient director’s salary and dividend strategies for 2023/24. This guide will provide an overview of the key tax rates and allowances and offer insights on maximising your post-tax income. 2023/24 Tax Landscape: Rates and…
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