An annual salary of £12,570 with the rest topped up by dividends is considered the standard by many business owners, but why is this?
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Dividends are a popular remuneration method among company shareholders, partly because they are taxed more lightly than salary.
Ensure you are paid in a way that safeguards your company while protecting your personal income from unnecessary tax bills.
Your mix of salary, dividends, bonuses, and other benefits determines your personal tax bill, NICs and corporation tax.
Unit 13E
92 Burton Road
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United Kingdom
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