For many small business owners and investors, perhaps the most unwelcome tax change of recent times was the introduction of an additional 7.5% tax on dividends, albeit with a £5,000 'tax free' dividend allowance.

The proposed cut of this allowance from £5,000 to £2,000, although potentially delayed by the election, only makes this worse.

Whilst there is little one can do in respect of the dividends of one's own business, there is lots that we as financial advisers can do for investors in respect of mainstream investment dividend income.

If you've been hit by the additional 7.5% dividend tax, contact us for a no obligation review.