Best Tax Efficient Way To Stay Under The Higher Tax Band In 2016/2017

[LondonManc]

Remember one massive key point - the 7% hike means it's not 'efficient' to take out any dividends above 5k unless you need them - as any bank interest will get wiped out by the 7%. So get a good business savings account

You don't have kids, do you?

[PerfectStorm]

You don't have kids, do you?

unless you need them

[PerfectStorm]

This ignores reality, which is that dividend tax rates are only going to go up. So it is efficient to get as much out as you can at the 7.5% rate before it's too late.

That's a good point actually. Bugger.

[WordIsBond]

You don't have kids, do you?

Divide the household expenses equally and make the little monsters pay their fair share.

[jamesbrown]

There goes my faith in those who write legislation in this country.

For the 17,346th time.

Yup, when it's too "complicated" to legislate precisely, they opt for a fudge in the hope that it will deter. It would be simpler to prevent all office holders from benefiting (and perhaps having a TAAR on shareholders, because many legitimate employees will be shareholders).

[northernladuk]

Conflating. There is virtually no restriction on giving your wife equal-rights shares in the company. "Paying her for nothing" is about salary. These are two different things. And this is why I said give her a role and a salary appropriate to the role.

That's not fair. I don't even know what Conflating means.

And you are trying to tell me the bold bit???

Where did you say the second bit? In the post I quoted you gave a real situation and a lie that they can't prove. I didn't see anything about salary appropriate to the role?? Did I miss something?

[LondonManc]

Divide the household expenses equally and make the little monsters pay their fair share.

Another one that doesn't have kids.

[LondonManc]

If that's you in the avatar then you do look too happy to have kids.

[PerfectStorm]

If that's you in the avatar then you do look too happy to have kids.

I don't. And to be fair, no one is being forced to have them.

[WordIsBond]

That's not fair. I don't even know what Conflating means.

Google it or ask your accountant.

And you are trying to tell me the bold bit???

Where did you say the second bit? In the post I quoted you gave a real situation and a lie that they can't prove. I didn't see anything about salary appropriate to the role?? Did I miss something?

Just wander on back to the very post you quoted and look at it really, really carefully. "Try that instead" probably isn't there for decoration, it might actually be referring to something.