Originally posted by jamesbrown
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Say No to Dividend Tax - Parliamentary Petition
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Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
Originally posted by d000hg View Post7.5% and the other bands pretty much brings things in line with how much tax PAYE earners pay (I thought) which suggests it is deliberate.
per £1000, outside the tax free limits
PAYE guy keeps £680 (after 20% IT & 12% NI)
divi guy keeps £740 (20% corp then 7.5% divi)
div tax needs to be 15% for them to keep the same, which I think it will be eventually (they'll introduce it at 7.5% then push it up to 15% over time)Comment
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I suggest if you're that sure, you quit contracting so prices can be driven up due to higher demandOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostI suggest if you're that sure, you quit contracting so prices can be driven up due to higher demandComment
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Originally posted by pr1 View Post7.5% is arbitrary, deliberate would be 15% to keep it the same as someone playing employees NI
per £1000, outside the tax free limits
PAYE guy keeps £680 (after 20% IT & 12% NI)
divi guy keeps £740 (20% corp then 7.5% divi)
div tax needs to be 15% for them to keep the same, which I think it will be eventually (they'll introduce it at 7.5% then push it up to 15% over time)
There are people in there 50's whose income is from their shares who have delayed taking their pension."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostWe aren't the only one hit by this tax.
There are people in there 50's whose income is from their shares who have delayed taking their pension.Comment
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Originally posted by pr1 View Postthat's the point i was making...
Some of the people on here aim to retire early using investments not a pension to fund their life style. So this will clearly effect them more in the future than now."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostWe aren't the only one hit by this tax.
There are people in there 50's whose income is from their shares who have delayed taking their pension.
However I'm not sure people who have £500k of shares and have taken early retirement in their 50s are going to get much more sympathy than us "contractors earning £100k a year and avoiding tax by working through their own company".
Best to stick to the "hard-working shop owner" if you want an emotive argumentOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostAnd are people in that situation paying income tax on their income currently which will soon be income tax + dividend tax?
However I'm not sure people who have £500k of shares and have taken early retirement in their 50s are going to get much more sympathy than us "contractors earning £100k a year and avoiding tax by working through their own company".
Best to stick to the "hard-working shop owner" if you want an emotive argument"You’re just a bad memory who doesn’t know when to go away" JRComment
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The ones who have earned enough to live off the dividends on their portfolio choose. The ones who are hit by ageism probably don't have much in the way of savings to start with, sadlyOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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