Your Details
Your Details | Rate | £241 |
Rate Type | Daily | |
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 | 1257L | |
Dividend percentage | 100% | |
Personal Income | Net Annual Income | £39,542 |
Net Monthly Income | £3,295 | |
Company Income | Contract revenue | £53,075 |
Other income | £0 | |
Total revenue | £53,075 | |
Company Expenditure | Expenses | £3,000 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £11,000 | |
Company profit | £42,075 | |
Corporation tax | £7,994 | |
Distributed profits | £34,080 | |
Tax Calculations | Taxable Income (salary + net dividend) | £42,080 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £2,538 | |
Additional tax on dividends (2nd share) | N/A |