Your Details
| Your Details | Rate | £430 |
| 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 | 1250L | |
| Dividend percentage | 100% | |
| Personal Income | Net Annual Income | £372,097 |
| Net Monthly Income | £31,008 | |
| Company Income | Contract revenue | £709,500 |
| Other income | £0 | |
| Total revenue | £709,500 | |
| Company Expenditure | Expenses | £3,000 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Pension contributions | £0 | |
| Total expenditure | £11,000 | |
| Company profit | £698,500 | |
| Corporation tax | £132,715 | |
| Distributed profits | £565,785 | |
| Tax Calculations | Taxable Income (salary + net dividend) | £573,785 |
| Employees NI | £0 | |
| PAYE | £1,600 | |
| Additional tax on dividends (1st share) | £200,087 | |
| Additional tax on dividends (2nd share) | N/A |