Why we MUST ditch our lazy attitude to finding work through agents and agencies

[The Spartan]

With crayons, and Alphabites please explain what you just said.

You don't understand the current difference between net and gross dividends?

[NibblyPig]

You don't understand the current difference between net and gross dividends?

There is no net dividend next year according to what you said, so either your dividend has no tax on it and thus is equal to gross, or the nasty HMRC wizard comes along and steals the entire thing

[The Spartan]

There is no net dividend next year according to what you said, so either your dividend has no tax on it and thus is equal to gross, or the nasty HMRC wizard comes along and steals the entire thing

Well the difference I suppose is for one you will no longer receive the dividend credit which confuses a lot of people.

So say for instance that the higher tax limit is 42k
At present £10k salary and £28,800 net dividends (£32,000 gross dividends)

Next year higher tax limit £43k
£11k salary, £5k dividends tax free and £27k taxed @ 7.5%

[suityou01]

You don't understand the current difference between net and gross dividends?

Play fair, it was the entire diatribe I didn't understand, not just part of it. IIRC correctly my accountant told me gross divvies are 10/9s of net divvies.

[LondonManc]

What, you don't subscribe to the DIY approach

Only in London.

[The Spartan]

Play fair, it was the entire diatribe I didn't understand, not just part of it. IIRC correctly my accountant told me gross divvies are 10/9s of net divvies.

Ah right, yeah they don't make it easy

[suityou01]

Ah right, yeah they don't make it easy

Cheers bud, that's absolutely cleared everything up for me.

[ItRYmyBEst]

Rate rise?

I'll be bumping up rates to 600 pd and taking a huge salary per year

[northernladuk]

I'll be bumping up rates to 600 pd and taking a huge salary per year

It would be nicer if you retired this sockie instead.

[ItRYmyBEst]

It may have been said already. I got 10 pages in and didn't see it. But why not negotiate a contract where T&E is part of the contract. That way you push the T&E onto the client. I do this with my contractors now. Any expenses they accrue I pay them back.

Even if you push it to the client, from april 2016 won't we have to pay your travel from your personal expenses? And that can hurt if you are staying under the 40'odd k a year you take personally?