Following the Chancellor’s budget, these are our initial thoughts.
The self-employed were affected due to increases to be introduced to their levels of class 4 national insurance contributions. However, the biggest issue affecting savers and investors (and business owners) was the reduction in the dividend tax allowance from £5,000 to £2,000. With pensions and savings otherwise largely untouched (for now), we see this reprieve as a good opportunity to maximise your various tax allowances while you can.
Full article – Budget March 2017 (PDF)
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