RATE INCREASE 

• As you may well know, during 2022, the government increased the tax rate on dividends similar to the increase NI increase; 1.25%
• When the NI rate increase was repealed, the dividend increase was not; it remains at 1.25% higher than before.

ALLOWANCE CUT (stealth way of collecting more tax; hit the small co. directors')

• At present we have a tax-free allowance specifically for dividends of £2000 p.a.
• APRIL 2023, THIS IS BEING CUT TO £1000 p.a. each.
• APRIL 2024, THIS IS BEING CUT TO £  500 p.a. each. (Probably designed to allow small individual investment income).

LET's ENSURE WE TAKE ALL TAX EFFICIENT DIVIDENDS WE CAN.

AS WE GO THROUGH THE YEAR, I WILL ENSURE WE ARE MOST EFFICIENT, EVEN IF WE DO PAPER DIVIDENDS, JUST AS WE NORMALLY DO ANYWAY.