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Dividend Changes: New Challenges for Trustees
Posted on 6th October, 2016
New dividend tax rules have recently been put into place, which include an increase in trust dividend tax rates and an annual £5k tax free dividend allowance for individuals that is available to everyone regardless of their income level.
At first glance, it seems as though the new rules may appear bad news for trustees, however if you look a little deeper the impact on the levels of income received by beneficiaries may not be as bad as first feared.
With careful planning it is possible to reduce the tax impact on the income some beneficiaries receive.
We have put together a helpful document detailing an overview of the changes, and what the alterations will mean for trusts.
Click here to view our PDF and to find out more about the changes. If you have any questions, please don’t hesitate to contact a member of our team.