Hi all,
I am looking into taking money out of my business account. I emailed my accountant and he said that because on my P45 I have no income details,
I am able to take out between now and the end of the financial year 35k in
dividends, tax free. He mentions that this is the best tax efficient way to use my income.
Well 35k is more than enough for me.
However I have been reading how everyone takes money out in salary.
Is it ok if I just take money out in dividends and not in salary?
Many thanks.
I am looking into taking money out of my business account. I emailed my accountant and he said that because on my P45 I have no income details,
I am able to take out between now and the end of the financial year 35k in
dividends, tax free. He mentions that this is the best tax efficient way to use my income.
Well 35k is more than enough for me.
However I have been reading how everyone takes money out in salary.
Is it ok if I just take money out in dividends and not in salary?
Many thanks.
Comment