Say you have £100M net worth. The proposed wealth tax is 2% on assets over £10M… so you’d owe £1.8M every year in additional taxes. To pay the additional £1.8M each year (2% on £90M) you would need to pay a £4M dividend. Of that £4M dividend, you get zero ALL of it is tax (see calculation below).
@petermccormack·Jul 11, 2026·2 sources·neutral
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A proposed 2% UK wealth tax on assets over £10M would require a £4M dividend to pay £1.8M in tax, leaving no net gain.
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Say you have £100M net worth. The proposed wealth tax is 2% on assets over £10M… so you’d owe £1.8M every year in additional taxes. To pay the additional £1.8M each year (2% on £90M) you would need to pay a £4M dividend. Of that £4M dividend, you get zero ALL of it is tax (see calculation below).
@petermccormack
Jul 11, 2026
Say you have £100M net worth. The proposed wealth tax is 2% on assets over £10M… so you’d owe £1.8M every year in additional taxes. To pay the additional £1.8M each year (2% on £90M) you would need to pay a £4M dividend. Of that £4M dividend, you get zero ALL of it is tax (see calculation below).
@petermccormack
Jul 11, 2026