Your Details
Your Details | Rate | £25 |
Rate Type | Hourly | |
Hours per week | 37.5 | |
Days per week | 5 | |
Weeks per year | 44 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £10,400 | |
Pension contributions | £0 | |
Other income | £0 | |
Tax code | 1250L | |
Dividend percentage | 100% | |
Personal Income | Net Annual Income | £25,607 |
Net Monthly Income | £2,133 | |
Company Income | Contract revenue | £41,250 |
Other income | £0 | |
Total revenue | £41,250 | |
Company Expenditure | Expenses | £10,400 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £18,400 | |
Company profit | £22,850 | |
Corporation tax | £4,341 | |
Distributed profits | £18,508 | |
Tax Calculations | Taxable Income (salary + net dividend) | £26,508 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £900 | |
Additional tax on dividends (2nd share) | N/A |