Family businesses are considering doubling their normal dividend to offset
the Government’s tax hike on high income earners.
The government’s controversial 50% tax increase for those earning more than
£150,000 on April 5, could be countered by family companies in a move which
would allow family members to limit their tax liability,
Mary Monfries, head of UK private business at PricewaterhouseCoopers, said
she has had a couple of clients “seriously thinking” about how to plan their
finances over the next few years.
“I have had a couple [of clients] seriously thinking ‘What do I need
funding-wise over the coming few years? If I take it out before April it will
cost me less than if I did it afterwards’,” she said.
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