How to calculate Year end self ass, perm + contract roles in same year 2015/16

**PurpleGorilla** · 27 March 2016, 10:43

Originally posted by sat View Post

Hi,

I have opened my Limited company last year 2015 july, before that I am on permanent employee for UK based company which have paid 2000 appx tax during this employment with earning of 15,000 appx.

After opening my limited company I pay myself as 833.00 per month(Aug to March) operating a PAYE with a total of 6000 appx.

My question is how does the PAYE calculated at year end is it 15000(prev emp earnings)+6000(own lim company PAYE)=21000 total earnings

OR 6000
If I take a dividents of 20,000 will I fall under higher rate tax payer(20K div+21k salary=41k)? OR (6k sal+20K div=26k)
Does 15k salary from my permanent position considered in director self assessment or above total paye figures?
what is the efficient way in taking dividends based on circumstances pls advise.

Say what?

**northernladuk** · 27 March 2016, 10:44

The answer you are after is 'Yes'

**DimPrawn** · 27 March 2016, 13:43

Ask your accountant.

**MrMarkyMark** · 27 March 2016, 13:58

Originally posted by sat View Post

what is the efficient way in taking dividends based on circumstances pls advise.

I usually ask my company bank to make a payment into my personal account.

HTH

**FatLazyContractor** · 27 March 2016, 14:01

Originally posted by MrMarkyMark View Post

I usually ask my company bank to make a payment into my personal account.

HTH

Very poor money management.

My company bank pays directly into the hooker/Pimp's bank as a 'Service surcharge'

How to calculate Year end self ass, perm + contract roles in same year 2015/16