Marriage tax breaks

[Old Hack]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

By having more than one shareholder, and a good idea of what to expense, and what not to...

[NotAllThere]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

You leave it your company and take it out later when, e.g. you are retired.

[TheFaQQer]

Labour are against it, and the Lib Dems are free to vote against it if they want to.

So what are the chances of this actually getting through parliament?

A cynic would suggest that by introducing it in the autumn, the next year in the run-up to the election can then be filled with the Tories saying "we tried to make it fairer, and everyone voted against it" and "we support marriage, but because they voted against this headline grabbing meaningless gesture, the Lib Dems and Labour are (by implication) against marriage".

[NotAllThere]

Labour are against marriage because it is institutionalised heterosexism and enslaves women. (That's what they told me at university back in the late 80s).

[d000hg]

It's pretty out-moded anyway really, unfair to those who'd rather have relationships with dolls, bicycles and famous land-marks.

[NotAllThere]

It's pretty out-moded anyway really, unfair to those who'd rather have relationships with dolls, bicycles and famous land-marks.

Or sheep.

[The Spartan]

Or sheep.

That would cover the majority of Wales then

[Murder1]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

Who said anything about taking it all the money out of the company? Leave it in the business and don't pay 40% on it.

[KentPhilip]

Who said anything about taking it all the money out of the company? Leave it in the business and don't pay 40% on it.

And I guess you can invest it within the company by buying shares etc.
I need to find a broker who I can do it with. Any suggestions?

[AtW]

Fixing broken divorce laws would have been far more significant.