I operate through my LTD company with my annual salary as £10500.
My accounting firm says that the government allows £5225 to earn without paying tax.
They say £39825 is the higher rate tax threshold(34600+5225) and hence I can pay myself a maximum
dividends of £29325(39825-10500) without crossing over to the higher tax bracket.
Is this correct?
My accounting firm says that the government allows £5225 to earn without paying tax.
They say £39825 is the higher rate tax threshold(34600+5225) and hence I can pay myself a maximum
dividends of £29325(39825-10500) without crossing over to the higher tax bracket.
Is this correct?
Comment