In the Budget today Rachel Reeves announced that the rate of tax paid on dividends, property and savings will rise two percentage points.
The number of people paying dividend tax is expected to reach a record 3.67m in the 2024/25 tax year.
The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.