Your Details
| Your Details | Rate | £42 |
| Rate Type | Hourly | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 44 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1100L | |
| Dividend percentage | 100% | |
| Personal Income | Net Annual Income | £48,867 |
| Net Monthly Income | £4,072 | |
| Company Income | Contract revenue | £69,366 |
| Other income | £0 | |
| Total revenue | £69,366 | |
| Company Expenditure | Expenses | £3,000 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Pension contributions | £0 | |
| Total expenditure | £11,000 | |
| Company profit | £58,366 | |
| Corporation tax | £11,673 | |
| Distributed profits | £46,692 | |
| Tax Calculations | Taxable Income (salary + net dividend) | £54,692 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional tax on dividends (1st share) | £5,825 | |
| Additional tax on dividends (2nd share) | N/A |