FOR FINANCIAL ADVISERS ONLY

Income Tax - Individual Taxation - Knowledge Direct


FOR FINANCIAL ADVISERS ONLY
Consumer
Share

Savings and dividend taxation bands and allowances

Previously we have written articles covering the new taxation rules surrounding savings income and dividends. Here we provide a series of scenarios to show how these interact with an individual’s personal allowance and tax rates.

Articles published in Knowledeg Direct, such as those linked below, describe some of the complexities of recent changes affecting:

  • personal savings allowances,
  • starting rates for tax on savings income
  • dividend income allowances and tax rates

Related articles:

To support these articles, the brief examples show how the new rules work in practice. They demonstrate how and where these tax allowances take effect in in different scenarios, from basic and potentially nil-rate taxpayers to higher rate taxpayers.

The examples shown are illustrative only and are for consideration in conjunction with the information in the articles above. There will of course be many more potential scenarios.

 

 

Created May 2016 

For financial advisers only. Not to be relied on by consumers.

The information provided in this article is not intended to offer advice.

It is based on Old Mutual Wealth or Old Mutual International's interpretation of the relevant law and is correct at the date shown at the top of this article. While we believe this interpretation to be correct, we cannot guarantee it. We cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained in this article.

The content of this site is for advisers only. It is not for the use of Hong Kong advisers. You can change the regional content by selecting a region from the drop down box in the top right-hand corner.