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Company Calculations - Outside IR35

Your Details

Your Details Rate £61
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 1257L
Dividend percentage 100%
Personal Income Net Annual Income £65,738
Net Monthly Income £5,478
Company Income Contract revenue £101,860
Other income £0
Total revenue £101,860
Company Expenditure Expenses £3,000
Employers N.I. on salary £0
Salary £8,000
Pension contributions £0
Total expenditure £11,000
Company profit £90,860
Corporation tax £20,327
Distributed profits £70,532
Tax Calculations Taxable Income (salary + net dividend) £78,532
Employees NI £0
PAYE £0
Additional tax on dividends (1st share) £12,793
Additional tax on dividends (2nd share) N/A

Other relevant information:

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