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End of the tax year - dividend planning

5th April 2016

5 April is here already. It is the last day to make sure that you have made the most of any relevant and available allowances.
This year, for small business owners who usually have dividend income, it is particularly important to consider whether there is scope for accelerating dividend income to maximise that income within the various income bands and thresholds before the new increased tax on dividend rules come into effect for dividend payments from 6 April 2016 onwards. In some instances the savings can be several thousand £, so the opportunity should not be ignored.

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