Changes to dividend and capital gains taxes are afoot – here’s our guide on how to beat it
Act now. This is the advice to savers and investors who will pay more tax if, as feared, the Government makes the current dividend and capital gains tax regimes less generous.
No one must simply accept that they must pay HMRC more: there are numerous levers that well prepared, diligent savers can pull to limit – or even eliminate – any increase to their tax bill.
We don’t know what exactly Jeremy Hunt has in mind but the possibilities include increases in the rates of dividend and capital gains taxes, reductions in the annual tax-free allowances or restrictions to the current exemptions.
Here are some of the things you may be able to do to minimise the impact of any changes.