
Originally Posted by
mhoc
Today my OH got his new PAYE coding notice.
as usual they start with your personal allowance and add on anything you have gift aided.
From this sum they take off your savings income taxable at the higher rate and what is left is then your new tax code.
this is what happens every year but I assume that we now have just the normal personal allowance code every year.
If the first £5000 of dividend income will be tax free for everyone in future I would imagine that a few people that have stashes under the mattress might now buy shares or get a shares ISA but you would need a lot of high earning shares to get to £5K I suppose if there is more demand for shares the prices would rise ??
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