Hi,
So between April 16 - October 16 I was an employ for a major company and earned c. £25k before tax in these 6 months.
I have since set up my own limited company of which I am the sole director and employee and will pay myself c. £20k in dividends between Oct 16 and March 17.
My question is will my threshold for 0 rate tax on my paye salary earned be 8k or 11k? I understand that as a sole director company I only get 8k but I am not sure that as my salary for the year all came whilst employed for a company with c.1000 employees whether this would apply or not.
Thanks in advance.
Dan
So between April 16 - October 16 I was an employ for a major company and earned c. £25k before tax in these 6 months.
I have since set up my own limited company of which I am the sole director and employee and will pay myself c. £20k in dividends between Oct 16 and March 17.
My question is will my threshold for 0 rate tax on my paye salary earned be 8k or 11k? I understand that as a sole director company I only get 8k but I am not sure that as my salary for the year all came whilst employed for a company with c.1000 employees whether this would apply or not.
Thanks in advance.
Dan
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