I am looking at this dividend/directors salary income tax article here:
https://jf-financial.co.uk/2017/01/1...idends-201718/
It says: "Salary is £8,164 so this leaves £3,336 of dividends that can be taken tax free in the personal allowance (£11,500 less £8,164).
The next £5,000 of dividends are also tax free as they are within the dividend allowance. The leaves the balance of dividends of £28,500 taxed at 7.5% = £2,138 of tax."
So a total of £8336 in dividends incurred no extra tax. Is this correct?
https://jf-financial.co.uk/2017/01/1...idends-201718/
It says: "Salary is £8,164 so this leaves £3,336 of dividends that can be taken tax free in the personal allowance (£11,500 less £8,164).
The next £5,000 of dividends are also tax free as they are within the dividend allowance. The leaves the balance of dividends of £28,500 taxed at 7.5% = £2,138 of tax."
So a total of £8336 in dividends incurred no extra tax. Is this correct?
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