24% corporation tax

[m0n1k3r]

it's only fair. I am paying 43% tax under umbrella. 24% is a bargain comapred to that.
pay your bit.

It's 24% + 7.5% = 31.5% or even 24% + 32.5% = 56.5%. Umbrella is a bargain compared to that.

[jayn200]

24% 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.

19% right now.

[Andy2]

It's 24% + 7.5% = 31.5% or even 24% + 32.5% = 56.5%. Umbrella is a bargain compared to that.

not 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 umbrella

[jamesbrown]

not 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 umbrella