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Looking for a Good Tax Calculator for 24/25

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    #11
    Originally posted by jamesbrown View Post

    Sounds right to me, in general, because the marginal saving in CT is somewhere between 19% and 26.5% as a tax deductible expense, whereas the additional ErNI is 15% from April 6 (on any salary above £5000). If your company is eligible for the employment allowance, then the extra ErNI can be mitigated, of course, but that won't apply unless you have two or more employees or directors.
    It might be worthwhile at a CT level but without the knowing the other earnings it's hard to know if it's worthwhile at a personal tax / NI level

    Might be worth not taking anything from the company until the new financial year and just put what would be paid as salary in to a pension

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