% take home pay

[EqualOpportunities]

I'm just going to stip talking about it now.......

Underscore2 is Arthur Bostrom and I claim my £5

[Underscore2]

So

does that make compoany like Nolongerltd dodgy? They do the same thing - and surely someone who advertises like that will get caught?

[hattra]

>Basically, on dividends, you save the NI - you don't save on your tax bill (and the NI on income over £32760 is only 1%)

You are forgetting your Ltd's ( or composite's ) employers NI, 12% I think.

Good point - you can tell I've been out of it for a while

[planetit]

Underscore,
The composite isn’t doing anything dodgy. They don’t own any extra tax. But you might.

It doesn’t matter whether you use a composite or Ltd or are simply an employee. If you are a higher rate tax payer and you get any dividend income (maybe you own a few shares) you have some extra tax to pay.