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Paper only dividend or Higher Tax band? Paid myself too much in last tax year

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    #11
    Originally posted by Nixon Williams View Post
    If you have it in an account doing nothing, then you could repay it to the company if your aim is not to exceed the 40% tax bracket.

    Alan

    Alan
    As Greg says, this shouldn't be a problem if the amount due is < £1000. And all that I have to fork out from my own pocket is the £875. Which is preferable to deducting £3500 from this years allowance.

    I think I'm clear now - just wanted to be sure before I tell my accountant I've found the paperwork for a £3500 divi that I didn't tell him about!

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