I may need to take out a slightly higher dividend this year (an extra £6k) and go into the higher-rate dividend tax band.
Apart from paying tax at 32.5% on the additional dividend rather than 7.5%, are there any disadvantages? Is the mere fact that I'm in the higher divi bracket have any repercussions?
thanks
Apart from paying tax at 32.5% on the additional dividend rather than 7.5%, are there any disadvantages? Is the mere fact that I'm in the higher divi bracket have any repercussions?
thanks
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