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Dividends / Salary. Permie halfway through tax yr.
Bear in mind that even if you don't intend to take a wage this year you'll still need to register for PAYE and run payroll (i.e. send nil acknowledgements).
Why?
Originally posted by Scraggy
2010-2011 (to April 2011) was £37400 and £6475 tax free allowance.
So ignoring the 150k+ super tax you pay 40% from £43875.
2011-2012 (to April 2012) is £35000 and £7475 tax free allowance.
and in the current fiscal year you pay 40% after £42475.
WHS. Sorry I meant to say "please don't take my word for it on the numbers".
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