CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow Budget 2017: Investec Wealth & Investment comments on income tax regime
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Budget 2017: Investec Wealth & Investment comments on income tax regime PDF Print E-mail
Thursday, 09 March 2017
Commenting on today’s Budget, Simon Bashorun, Financial Planning Team Leader at Investec Wealth & Investment, said: “The government has for some time looked to address perceived inequalities in the income tax regime and adapt it to the changing ways in which people earn a living. We saw this last year with the changes to dividend taxation, which significantly increased the tax bill for many who paid themselves by drawing dividends from a limited company. The proposed reduction in the dividend allowance from £5,000 to £2,000 in 2018 will further increase these tax bills.   

"The proposed reduction will also increase the tax bill for investors who hold stocks and shares investments yielding over £2,000 per annum outside of their ISAs. In many cases, there will now be a need to review portfolios only recently adjusted to take into account the £5,000 dividend allowance. With an estimated five million people now working in the 'gig economy', and many of those on a self-employed basis, it is not surprising that National Insurance Contributions for the self-employed are being brought more in line with those paid by employees.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197