Hi Contractors
So far this is my income for the 10/11 FinYear and so far I took 22k as dividend. and how much more I can take as dividend and what will be the tax amount if i take any more?. When I spoke to my accountant he says that I have to pay 25% tax if i want to take 10k more dividend. Just confirming with you.
Gross Salary
April ---- £1,000 ------- through own company
May ---- £2,863 ------- through different company
June ---- £4,583 ------- through different company
July ---- £4,583 ------- through different company
Aug ---- £4,583 ------- through different company
Sept ---- £4,583 ------- through different company
Oct ---- £2,500 ------- through different company
Total £24,695
Dividend 22,000
-----------------------------------
Total : 46,695
Thank you so much in advance.
Regards
G
So far this is my income for the 10/11 FinYear and so far I took 22k as dividend. and how much more I can take as dividend and what will be the tax amount if i take any more?. When I spoke to my accountant he says that I have to pay 25% tax if i want to take 10k more dividend. Just confirming with you.
Gross Salary
April ---- £1,000 ------- through own company
May ---- £2,863 ------- through different company
June ---- £4,583 ------- through different company
July ---- £4,583 ------- through different company
Aug ---- £4,583 ------- through different company
Sept ---- £4,583 ------- through different company
Oct ---- £2,500 ------- through different company
Total £24,695
Dividend 22,000
-----------------------------------
Total : 46,695
Thank you so much in advance.
Regards
G
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