Hi there,
Firstly let me say I'm a newbie and I can assure you I have read numerous first timer guides on ContractorUK, SJD, other accountancy websites, spoken to my accountant, searched the forums etc!!
I was just curious as to what others pay themselves in dividends in order to remain tax efficient? My accountant has advised that I pay myself a salary of £610 a month so that I pay a small bit of NI which keeps up my contributions for pension purposes.
However, his advise on dividends was "You can take up to £31,500 div pa before paying higher rate tax"
I am after the views of people that actually do this on a monthly basis...do you just divide this by 12? Ignore this and pay yourself more? etc etc....
Thanks in advance for your replies
Firstly let me say I'm a newbie and I can assure you I have read numerous first timer guides on ContractorUK, SJD, other accountancy websites, spoken to my accountant, searched the forums etc!!
I was just curious as to what others pay themselves in dividends in order to remain tax efficient? My accountant has advised that I pay myself a salary of £610 a month so that I pay a small bit of NI which keeps up my contributions for pension purposes.
However, his advise on dividends was "You can take up to £31,500 div pa before paying higher rate tax"
I am after the views of people that actually do this on a monthly basis...do you just divide this by 12? Ignore this and pay yourself more? etc etc....
Thanks in advance for your replies
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