Your Details
Your Details | Rate | £200 |
Rate Type | Daily | |
Hours per week | 37.5 | |
Days per week | 5 | |
Weeks per year | 48 | |
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 | £35,791 |
Net Monthly Income | £2,982 | |
Company Income | Contract revenue | £48,000 |
Other income | £0 | |
Total revenue | £48,000 | |
Company Expenditure | Expenses | £3,000 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Pension contributions | £0 | |
Total expenditure | £11,000 | |
Company profit | £37,000 | |
Corporation tax | £7,030 | |
Distributed profits | £29,970 | |
Tax Calculations | Taxable Income (salary + net dividend) | £37,970 |
Employees NI | £0 | |
PAYE | £0 | |
Additional tax on dividends (1st share) | £2,178 | |
Additional tax on dividends (2nd share) | N/A |