Budget 8 July 2015

National Insurance

The National Insurance Contributions Allowance available to employers will increase to £3000 per annum from the current £2000. The change is to be effective from April 2016. From the same date however, companies where the director is the sole employee will no longer be able to claim the Employment Allowance.

Capital Allowances

The Annual Investment Allowance will be permanently set at £200,000 per annum with effect from 1 January 2016. It had been planned that the allowance would fall to£ 25000 from that date.


The dividend tax credit is to be abolished from April 2016. It will be replaced by an annual tax free dividend allowance of £5000 per annum. Thereafter, basic rate tax payers will pay 7.5% income tax on dividend income in excess of £5000, higher rate tax payers 32.5%, and additional rate tax payers 38.1%.

David Robertson

To discuss what this means for you a please call Bell Ingram on 01738 621 121 or email David Robertson, david.robertson@belllingram.co.uk

Click here to view the Summer 2015 full Budget on www.gov.uk

Published on 9th July 2015