Advice essential: Dividend tax changes explained

By the time you read this article, UK interest rates will have been frozen at 0.5% for almost seven years. In that time, cash savers and investors have turned to other income-producing assets such as equities in order to benefit from dividends - whether for the attractive yields available or the benefits of reinvested income. At the same time, UK companies have gone from strength to strength and UK dividend payments hit all-time highs of £97.4bn in 2014, according to the Capita Asset Services UK Dividend monitor. Of course, every dividend paid comes with a non-reclaimable 10% tax c...