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How long can I hold off paying divis?

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    How long can I hold off paying divis?

    With my personal savings that I've squirrelled away and my meagre lifestyle, I calculate that I don't need to pay myself divis until next company tax year for my ltd company. So my business bank account will keep on increasing.

    Is there any reason that I should/have to pay out divis before my company tax year ends?

    #2
    Originally posted by beermeister View Post
    With my personal savings that I've squirrelled away and my meagre lifestyle, I calculate that I don't need to pay myself divis until next company tax year for my ltd company. So my business bank account will keep on increasing.

    Is there any reason that I should/have to pay out divis before my company tax year ends?
    Yes....there is no more personal tax to pay up to the higher tax band.

    Pity to waste it!

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      #3
      Originally posted by beermeister View Post
      With my personal savings that I've squirrelled away and my meagre lifestyle, I calculate that I don't need to pay myself divis until next company tax year for my ltd company. So my business bank account will keep on increasing.

      Is there any reason that I should/have to pay out divis before my company tax year ends?
      no.

      but of course you should take advantage of the personal threashold incase they change the goal posts...
      Cenedl heb iaith, cenedl heb galon

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