I have been contracting here for a few years and getting set to shoot back down under.
If I head off in May, can I get my £18k retained earnings out as a dividend and not incur the top up tax? Thats a stupid question - what I mean is are the taxable bands pro rated based on how much of the tax year I was in the country, or do I get access to the whole personal allowance + the next £30k odd at the basic rate?
Cheers to you all
If I head off in May, can I get my £18k retained earnings out as a dividend and not incur the top up tax? Thats a stupid question - what I mean is are the taxable bands pro rated based on how much of the tax year I was in the country, or do I get access to the whole personal allowance + the next £30k odd at the basic rate?
Cheers to you all
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