Gift Aid or not?

[ujjain]

I currently make £125k yearly (£550 daily) and pay myself £100k yearly to be tax-efficient and not lose my personal allowance.

Should I use give to charity with gift aid or not to be tax-efficient? I'm paying myself out £883.33 in salary and the rest dividend.

[northernladuk]

Why don't you get some time and book an appointment within your accountant and go through all the opportunities rather than having random stabs at ideas and putting it to a bunch of stranger.

Some of these questions could be answered by a search at the very least but your accountant is really your best bet.

[northernladuk]

Here you go. Use this method for other ideas you have.
https://www.google.co.uk/search?q=ch...obile&ie=UTF-8

[ujjain]

Do you have any other income?
Are you married?
Is there any other Shareholder in your company?
company has got non current liability?Interest?

1. No
2. No
3. No
4. No

[WTFH]

Is this a donation to a charity, or are you trying to get around paying taxes by donating to yourself?

[WTFH]

Valid question.

Based on the OP's other topics, I think we know the answer. He's discovered that you can set up a justgiving page and worked out how to pay the money to himself.

[stek]

I currently make £125k yearly (£550 daily)

Does. Not. Compute.

[WTFH]

Does. Not. Compute.

£550 * 228 does give a little over that figure.

[stek]

£550 * 228 does give a little over that figure.

I used 260 working days rather foolishly! Cos I'm a bloody contractor and don't tek 'olidays.....

[WTFH]

I used 260 working days rather foolishly! Cos I'm a bloody contractor and don't tek 'olidays.....

I tend to go for 250 as it makes multiplying easier.