Dividend vs Salary - Updated for the 2010/2011 Tax Year!

Are you better off on tax by incorporating?

Enter your gross profits, and we'll run two scenarios - one as a incorporated company with you taking dividends (and a salary up to your tax free allowance) - and another where you take profits as a self employed sole trader

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6 September 2010 - So far we've calculatedworth of tax refunds - someone just calculated arefund!

Select Tax Year:	Please Select.. 2010/ 11 2009/ 10 2008/ 9 2007/ 8
Company Profit (GROSS):
Sex:	Please Select.. Male Female
Age (To calculate allowances):	Please Select.. 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150

Calculate the tax on dividends against tax on salary

Just enter your company profits below

Assumptions/Quirks!

• This calculator checks the tax on profits from a sole trader against a director taking the same profits as salary, or taking maximum dividend & salary.
• Dividends over £150,000 will be subject to a new higher rate 42.5% tax in 2010/2011
• In our illustration available Personal Tax Free Allowances are used to their maximum to reduce the company's profits before corporation tax, however as Personal Allowances are being reduced depending upon the gross annual income of the individual, a lower salary amount may be taken - this also applies where the firm profits do not have enough funds to pay employers nic's to cover the full personal allowance
• We take your age to calculate the accurate Personal Allowance amount - Make sure it's correct
• Please seek proper professional advice before making any important decisions
• If you find errors - let us know so we can fix them, email us at info@uktaxcalculators.co.uk

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