I understand that the new tax free income this year is £8105.
I understand that the band to the higher rate is an additional £34370, making a total of £42,475.
Could I take home £42,000 (£3500 per month) in dividends alone and then pay a salary of £30,000, where the salary goes 100% into a pension?
Apart from the usual CT on the Dividend, would there be any additional tax?
I understand that the band to the higher rate is an additional £34370, making a total of £42,475.
Could I take home £42,000 (£3500 per month) in dividends alone and then pay a salary of £30,000, where the salary goes 100% into a pension?
Apart from the usual CT on the Dividend, would there be any additional tax?
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