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Recent content by Dib
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Umbrella employee taking dividends from dormant company
Update I spoke with my accountant and it turns out that YOU CAN withdraw dividends during dormancy, as long as you have enough funds to do so. You cannot: 1) Claim expenses (apart from dormancy fees and bank charges) 2) Contribute to a pension 3) Receive a salary 4) Pay other employees (if...- Dib
- Post #14
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
mmhm information online is confusing and I would not trust unverified statements on random websites. I have found sites that say that you can withdraw dividends and pay into a pension and be dormant. Other say the opposite. As I said, I will wait for my accountant to get back to me. I just...- Dib
- Post #12
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
It is my understanding that a dormant company can release dividends. I am still waiting fro my accountant to get back to me. They are busy due to covid-19 issues. I will post a reply once I know for sure what can/can't do.- Dib
- Post #10
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
Thanks, I have asked my accountant but he is taking some time to get back to me...- Dib
- Post #8
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
Thanks. This is informative. I am aware I have to include them on my next SATR, but will they be taxed as dividends at 7.5, 32.5, 38.1 (depending on how much I take) or something different?- Dib
- Post #5
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
Not much - still waiting for an answer- Dib
- Post #3
- Forum: Umbrella Companies
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Umbrella employee taking dividends from dormant company
Hi contractors, need some advise here: 1) Can I take dividends from a dormant company whilst working for an umbrella? 2) If yes, and I take dividends from my dormant company, what tax rate would I be looking at? Will these these be the usual dividends tax rate of 7.5%, 32.5% and 38.1%? Or...- Dib
- Thread
- dividends dormant company tax umbrella
- Replies: 17
- Forum: Umbrella Companies
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Pharma Industry - £461.25 daily rate - what salary should I expect as a permie?
I am currently making £461.26 per day in a Pharma company but I have been offered a permanent position. What basic salary would be appropriate considering my daily rate?- Dib
- Thread
- Replies: 5
- Forum: Business / Contracts
