Dividend tax changes: What it means for trustees

From 6 April 2016 dividends paid by UK companies and UK authorised mutual funds (i.e. Unit Trusts and OEICs) that are taxed as dividends (i.e. 40%+ invested in equities) no longer come with the non-reclaimable 10% tax credit. However, individuals will in future get a £5,000 dividend allowance, meaning dividends up to this amount will be tax-free and for any dividends in excess of this amount, the dividend tax rate will be increased by 7.5%. But what exactly does this mean for trustees? Well, bad news actually, because thousands of trusts exist in the UK and many hold investments in...