How much of a salary are we paying ourselves this year?
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Have we done the 2019/2020 version of.....
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Have we done the 2019/2020 version of.....
Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
If I have done my sums right....
£12,500 salary = £12,035.84 in your pocket and £997.94 to the tax man for a total of £13,033.78
£13,033.78 = £8632 salary + £4041.78 to be taxed for CT (£836.43) gives a dividend of £3,565.44 (minus 7.5% dividend tax of £267.41) = £11,930.03 in your pocketOriginally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
Originally posted by SimonMac View PostIf I have done my sums right....
£12,500 salary = £12,035.84 in your pocket and £997.94 to the tax man for a total of £13,033.78
£13,033.78 = £8632 salary + £4041.78 to be taxed for CT (£836.43) gives a dividend of £3,565.44 (minus 7.5% dividend tax of £267.41) = £11,930.03 in your pocket
Best combination for salary and dividends in 2019/20 - The Friendly Accountants'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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according to my accountant I shall pay myself £8,632 (£719.33 per month).
And take dividends up to £41,368 to be below the 32.5% tax rate.
Which is the same as strategy 1 in the link NLUK posted.
/threadSee You Next TuesdayComment
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