i.e. in Sub 40% band.
Salary : £12000.
Max Div £26878.50?
Yes I will be double checking with the accountant too.
Salary : £12000.
Max Div £26878.50?
Yes I will be double checking with the accountant too.
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Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office. -
Assuming you have no other income and normal tax code, you're correct.
Anything above that will be taxed at 25% of the net. -
That's correct - Remember to consider any other taxable income you have such as bank interest, property income etc.Originally posted by Scrag Meister View PostComment
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How the hell are we supposed to live on that???Originally posted by Scrag Meister View Post'CUK forum personality of 2011 - Winner - Yes really!!!!
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That'll give you a take home of around £3k a month. Cut out the dancing girls and the bubbles and you'll be fineOriginally posted by northernladuk View Post
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What a horrible thought <shudder>Originally posted by Clare@InTouch View PostThat'll give you a take home of around £3k a month. Cut out the dancing girls and the bubbles and you'll be fine'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Doesn't the maximum dividend you can take without paying tax increase if you personally make pension contributions?Comment
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That is correct, your basic rate band is extended by the gross value of the contribution. For example, if you pay in £800 net, the gross contribution is £1,000. The basic rate band extends from £32,010 to £33,010 (based on 13/14 rates).Originally posted by MyUserName View Post
Note that this is restricted to your earned income. If you therefore have a salary of say, £7,000, it would not be wise to contribute in excess of the salary level. Company contributions above this amount are ok however.Comment
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Martin, where is Craig? My guess is either A&E after starting a brawl with a load of accountants or he got lucky last night.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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