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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 Knowledge 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.

This article is for information purposes only. The views expressed in this document are those of our sister company, Quilter Cheviot and not of Old Mutual Isle of Man or Old Mutual International Ireland, and are subject to change without notice.

You should be aware that investments, unit prices and income from units may fall as well as rise and you may not get back the amount you invested. Past performance is not a guide to future performance. Where a fund invests in securities designated in a different currency to the currency of the Old Mutual International product or where an underlying fund is denominated in a different currency, investments may rise and fall purely as a result of exchange rate fluctuations. Old Mutual International nor our sister company Quilter Cheviot do not provide investment advice. This document is provided for information purposes only and should not be relied or acted on by the recipient. It is not a recommendation to buy, sell or hold a particular investment. The views expressed in this document are those of Quilter Cheviot and not of Old Mutual International Isle of Man or Old Mutual International Ireland, and are subject to change without notice.

For information about your Old Mutual International policy and your investment choices, please contact your financial adviser.


 

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