Limited Company Remuneration

[ukconstructionguru]

Dear all,

We have recently incorporated from a sole trader business. In terms of remuneration we are now looking at:

1. Basic Salary (Up to 6k or so with no NIC's or PAYE)
2. Dividends (No tax or NI - Notional Tax Credit - up to £40k or so)

(Corporation Tax for the Company separate - I understand that fortunately).


My question is, what are the exact thresholds for 2010/2011 for both the salary and the dividends in order to keep them tax free?


Many thanks


Chris

 

[elaine@cheapaccounting]

I posted on this yesterday here:

http://www.ukbusinessforums.co.uk/forums/showthread.php?t=171926

Assuming no other income then keep with salary £476 x 12 = £5712 plus divs of approx £34.3k per year - no additional income tax.

 

[ukconstructionguru]

Many thanks for your help.