Your Details
Your Details | Rate | £52 |
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 | £58,395 |
Net Monthly Income | £4,866 | |
Company Income | Contract revenue | £87,009 |
Other income | £0 | |
Total revenue | £87,009 | |
Company Expenditure | Expenses | £3,000 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £11,000 | |
Company profit | £76,009 | |
Corporation tax | £15,201 | |
Distributed profits | £60,807 | |
Tax Calculations | Taxable Income (salary + net dividend) | £68,807 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £10,412 | |
Additional tax on dividends (2nd share) | N/A |