Investors brace for dividend tax hike - Hargreaves

The increase in dividend tax will hit around 2.5 million savers by an average of £355 a year, according to Budget papers. Two in five investors are worried about rising dividend tax, the research suggested. From April, if investors receive dividends over their allowance outside an ISA, after the first £2,000, basic rate taxpayers are taxed at 8.75% on the excess, higher rate taxpayers at 33.75% and additional rate taxpayers at 39.35%, the firm said. An investor with dividends of £22,000 outside tax wrappers will pay £250 more under the new tax rate - regardless of their tax bracket...