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 | £3,000 | |
Pension contributions | £0 | |
Other income | £22,500 | |
Tax code | 1250L | |
Dividend percentage | 100% | |
Personal Income | Net Annual Income | £47,828 |
Net Monthly Income | £3,985 | |
Company Income | Contract revenue | £41,250 |
Other income | £22,500 | |
Total revenue | £63,750 | |
Company Expenditure | Expenses | £3,000 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £11,000 | |
Company profit | £52,750 | |
Corporation tax | £10,022 | |
Distributed profits | £42,727 | |
Tax Calculations | Taxable Income (salary + net dividend) | £50,727 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £2,898 | |
Additional tax on dividends (2nd share) | N/A |