Monthly at the moment, but there's enough in there for me to switch to quarterly. I've only been running a Ltd for 18 months though.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
How often do you take off dividends
Collapse
X
-
-
Comment
-
-
The dividend tax will hit me for about 2k a year
so I take out all my cash up to 2k income tax just before April 2016.
then if I need to bail out of my limited, its all a lot smoother(\__/)
(>'.'<)
("")("") Born to Drink. Forced to WorkComment
-
The same round-sum amount, 2-4 times per year, effectively ad-hoc but based on the company's ability to pay rather than when I need it.
I.e. whenever retained profit exceeds a threshold.Comment
-
Originally posted by TheFaQQer View PostYou don't declare a dividend if the company is making employer contributions to the pension plan.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by d000hg View PostWhy?
Dividends are paid to the shareholders in proportion of the number of shares that they own, and must be paid from profit. Employer pension contributions are a cost to the business and reduce the amount of profit available to pay dividends.Comment
-
Right... but surely in post cases a company would make some pension contribution and still issue dividends, rather than plough all 'profit' into the pension.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by d000hg View PostRight... but surely in post cases a company would make some pension contribution and still issue dividends, rather than plough all 'profit' into the pension.
Originally posted by ctdctd View PostWhere's the "Never, MyCo puts it into my pension" option?Originally posted by d000hg View PostAdhoc... you just never need them.
Your post then talks about declaring adhoc dividends - which isn't the case if the company never makes a dividend, as implied by the post that you were answering.Comment
-
Cheers everyone, I have always avoided monthly dividends as I thought it looked dodgy, was surprised to see a quarter of people do this.
I started Ad-hoc and moved to twice yearlyOriginally 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.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment