Your Details
Your Details | Rate | £49 |
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 | £55,069 |
Net Monthly Income | £4,589 | |
Company Income | Contract revenue | £80,850 |
Other income | £0 | |
Total revenue | £80,850 | |
Company Expenditure | Expenses | £3,000 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £11,000 | |
Company profit | £69,850 | |
Corporation tax | £13,970 | |
Distributed profits | £55,880 | |
Tax Calculations | Taxable Income (salary + net dividend) | £63,880 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £8,811 | |
Additional tax on dividends (2nd share) | N/A |