Tax Band

[gingerjedi]

Start doing support gigs, you won't have to worry about hitting 40%.

[Peoplesoft bloke]

That's fine if you're living costs are ok - i've taken out around the 40k mark and am running on empty in my personal account towards the end of my financial year (although there's plenty left in the business account) - gonna take some smart accounting to make sure i can take out the maximum without going over the higher rate limit.

And for those asking for more options - this poll doesn't apply to you

Sounds like we're in much the same boat - no way I could've got through last year without hitting 40%. Might stand a chance this year though.

[Gravy Train]

and why are not going to 'make it'

its simple, just dont take any cash out of the business so it dont take you above the HR tax limit

That's fine if you're living costs are ok - i've taken out around the 40k mark and am running on empty in my personal account towards the end of my financial year (although there's plenty left in the business account) - gonna take some smart accounting to make sure i can take out the maximum without going over the higher rate limit.

And for those asking for more options - this poll doesn't apply to you

[TimberWolf]

Not enough options. I signed on a few weeks ago for the first time and don't pay tax any more. In fact my council tax is paid for me now. Hurrah for outsourcing, open-door immigration and fast track wheezers. The dole or tax credits is the future.

[downsouth]

Just wondering what tax band people here are on

I'm coming to the end of my first year of trading and have been trying to stay below the higher rate after dividends and salary but don't think i'm gonna make it

Poll to follow.

and why are not going to 'make it'

its simple, just dont take any cash out of the business so it dont take you above the HR tax limit

[HairyArsedBloke]

Hector can kiss my tulip.

[Cyberman]

Where's the neither option ?

[Board Game Geek]

Just wondering what tax band people here are on

No idea

[Pogle]

where?

[Gravy Train]

Just wondering what tax band people here are on

I'm coming to the end of my first year of trading and have been trying to stay below the higher rate after dividends and salary but don't think i'm gonna make it

Poll to follow.