A new system of taxation for savings and dividend income ...

Instead, there is a tax-free dividend allowance which means that you do not have to pay tax on the first £2,000 of your dividend income (down from £5,000 in 2017/18). On dividend income that exceeds the £2,000 allowance, basic rate taxpayers will pay tax at 7.5% and higher rate taxpayers will pay tax at … ................
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