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Posted Thu, 14 Mar 2024 16:52:23 GMT by GMETax
If I have zero earned income, but set up a General Investment Account and start earning Dividend payments - could you confirm how much I can earn in Dividend Payments before attracting Tax? I've read some confusing guidance, as it mostly assumes the person is at least a basic tax payer. A follow up question would be with how Capital Gains and Savings Interest interact with the Dividend Allowance in this scenario.
Posted Wed, 20 Mar 2024 15:00:20 GMT by HMRC Admin 19 Response
Hi,

You can see guidance and associated links here:

Tax on dividends

Thank you.
Posted Wed, 20 Mar 2024 17:14:41 GMT by GMETax
I’ve read this thanks. My query is focussed on whether this applies to someone who has no other earnings. I ask this, as there is a distinction for ‘earned’ income when it comes to pension contributions, yet this page makes no reference to ‘earned’
Posted Wed, 17 Apr 2024 12:45:45 GMT by HMRC Admin 20 Response
Hi GMETax,
If your income is over £12570 then you will pay tax whether this is derived of dividends or earnings. F
or pension purposes the dividends are not earned income.
Thank you.

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