November 22, 2022 at 16:31 #178040Karl TalbotModerator
Autumn Statement: Investors hit with tax changes, but can you avoid them?
This week in the Money Magpie Investing newsletter we take a look at the impact of the Autumn Statement on investors, and explain how it’s possible to avoid being hit by upcoming share dividends allowance changes. Plus, there’s even a chance to win yourself £50!November 22, 2022 at 16:44 #178042JasmineKeymaster
One of the many oddities about the Autumn Statement – and Budgets generally – is that really important, long-term affecting policies are often largely ignored by media and voters generally. Changes to the taxation of dividends is one of them. No one really cares about the ‘rich’ being taxed – and that’s how it’s seen when it comes to dividends. But actually the taxing of dividends affects anyone with a pension…and that’s the majority of the country now, thanks to auto-enrolment.
As pension funds are largely invested in the stock market (particularly now that the bond market is so dodgy) any increase in the taxation of dividends is going to make it harder for fund managers to build up decent pension pots for us, their clients.
Yet again, workers are looking at working longer, for less, in order to afford their retirement!November 25, 2022 at 14:39 #178179Isobel LawranceModerator
Another wonderful investment newsletter. I only started investing this year and have already learnt so much from these newsletters and your content, Karl. Thank you!
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