Originally posted by Andy2
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24% corporation tax
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Originally posted by dx4100 View Post24% of £0 doesn't sound all that bad from a future tax perspective to be honest. About the same as my current situation of 18% of £0.Comment
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Originally posted by m0n1k3r View PostIt's 24% + 7.5% = 31.5% or even 24% + 32.5% = 56.5%. Umbrella is a bargain compared to that.
if you work through Ltd company and have 100k income,
salary 12500
corp tax 21000
tax+NI on dividends of 66500=12500
total tax = 33.5%
still 10% less tax than going through umbrellaLast edited by Contractor UK; 27 December 2020, 22:46.Comment
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Originally posted by Andy2 View Postnot true,
if you work through Ltd company and have 100k income,
salary 12500
corp tax 21000
tax+NI on dividends of 66500=12500
total tax = 33.5%
still 10% less tax than going through umbrellaLast edited by Contractor UK; 27 December 2020, 22:46.Comment
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