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Max dividend come 6th April 2012

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    Max dividend come 6th April 2012

    8105 Tax Allowance 2012/13
    34370 Additional to higher (40%) rate 2012/13
    -12000 Salary to be paid 2012/13
    30475 Sum of above

    Max div to incur no further taxes = Total * 0.9 = £27427.50

    Correct?
    Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.

    #2
    Originally posted by Scrag Meister View Post
    8105 Tax Allowance 2012/13
    34370 Additional to higher (40%) rate 2012/13
    -12000 Salary to be paid 2012/13
    30475 Sum of above

    Max div to incur no further taxes = Total * 0.9 = £27427.50

    Correct?
    Yes - same as it is this year! Just a higher tax code and lower higher rate band.
    ContractorUK Best Forum Adviser 2013

    Comment


      #3
      Wow, 2 minute response!! Quicker than my proper accountant and I pay them.

      Thanks Clare.
      Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.

      Comment


        #4
        Originally posted by Scrag Meister View Post
        Wow, 2 minute response!! Quicker than my proper accountant and I pay them.

        Thanks Clare.
        You're welcome - bill's in the post
        ContractorUK Best Forum Adviser 2013

        Comment

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