Please see the figures below. These are for each director/shareholder:
Total Gross income £50.000
- Your only source of income is your salary and dividends from your limited company
- You have the standard personal allowance available which is £12,500
- You are a UK resident taxpayer with a standard personal allowance
- Most importantly, your company has sufficient post-tax profits to support these dividends
If you would like any further information, please contact Southside Accountants in Wimbledon.