Usual route when making use of taper relief is to pay a minimum salary and the rest in dividends upto the 38.3k threshold, then take the rest as taper relief.
Just wondered whether it would be more tax efficient to take a lower amount in dividends and leave a greater amount in the company, which could be taken as taper relief.
An extreme example: take a min salary of 5k, no dividends. Build up the rest and take it all as taper relief after a couple of years. - Assuming you could live on that wage for the time being.
turbo
Just wondered whether it would be more tax efficient to take a lower amount in dividends and leave a greater amount in the company, which could be taken as taper relief.
An extreme example: take a min salary of 5k, no dividends. Build up the rest and take it all as taper relief after a couple of years. - Assuming you could live on that wage for the time being.
turbo
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