Dividend payments4.
(1)
In section 176(1) of the 2016 Act (dividend payments)—
(a)
in paragraph (a), for “24” substitute “12”
, and
(b)
in paragraph (b), for “6” substitute “3”
.
(2)
The amendments made by paragraph (1) apply only in relation to a trust deed granted on or after 1 July 2024.