Newbie 1st question !
Question: assuming no other income from Savings, etc......if Balance Sheet of our UK Ltd Co has 70k accumulated profit (already taxed), then the Mrs and I can take Dividends with approx. the following logic:
35k each Dividend, with 0% on 1st 5435, then 10% to pay on the rest (as below 36k threshold) less a Re-credit amount based on 10/90 logic.....but in essence, we can pay (it seems) 500 quid tax each for 34,500 each net cash in our pocket ?
Agreed ?
Question: assuming no other income from Savings, etc......if Balance Sheet of our UK Ltd Co has 70k accumulated profit (already taxed), then the Mrs and I can take Dividends with approx. the following logic:
35k each Dividend, with 0% on 1st 5435, then 10% to pay on the rest (as below 36k threshold) less a Re-credit amount based on 10/90 logic.....but in essence, we can pay (it seems) 500 quid tax each for 34,500 each net cash in our pocket ?
Agreed ?
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