Latest tax and investment news
Hargreaves Lansdown triples dividend to beat 50% tax
Shareholders in stockbroker Hargreaves Lansdown have been given help to beat the forthcoming 50 per cent tax rate, which may interest those looking to make the most of their income tax planning.
The stockbroker has more than tripled its interim dividend in order to pay as much as possible before the end of the tax year, thereby avoiding the 50 per cent rate of income tax due to come into force in April.
"Every single person in every single company should be paying themselves in March - they should even borrow to do it," the Times reports Peter Hargreaves, co-founder of the company, as saying.
"The man with the biggest smile on his face should be the chancellor - he's going to get his taxes a year early."
In other tax news, a campaign backed by around 50 organisations is pushing for a "Robin Hood" transaction tax on banks, which they say could raise as much as £250 billion per year.
Posted by Fiona Beck.
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