Wages/Dividends

[Wesdev]

or should i add up all the divi's per month - write 1 certificate and voucher for that amount per month, it then keep to the plan of per quarter?

[TheFaQQer]

So what do i do? Write the div's meetings minutes and fill in the vouchers retrospectively? Then write 1 big div and then none for the rest of the year? or atleast until i really need it (making sure i keep under the 38k mark?) Then keep it per quarter (like i had originally planned)?

Would i be ok?

I pay one BIG dividend at the start of the tax year, and stick it in my offset mortgage. Pay myself minimum wage monthly as well.

[Bluebird]

So what do i do? Write the div's meetings minutes and fill in the vouchers retrospectively? Then write 1 big div and then none for the rest of the year? or atleast until i really need it (making sure i keep under the 38k mark?) Then keep it per quarter (like i had originally planned)?

Would i be ok?

no you write the minutes and vouchers when they are awarded, which can be as frequent or as infrequent as you like.

as long as the company is in profit

and you can go over the £38k mark - but will have to pay additional tax.

your accountant can sort it out...

[VectraMan]

And it's not £38K. Thanks to the 10% credit nonsense it's more like £35K. I took £25K in dividends last year above my minimum wage salary, which is more or less the limit.

Ideally you issue one dividend at the end of each year. But that's a bit tough for most of us. Some people say every month, some say every quarter, but I've been completely inconsistent, paying dividends as and when I feel like it.