Dividend vs Salary - Updated for the 2012/2013 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

Try our New Mortgage and Loan Calculators! Calculate Tax Across Multiple Income Sources Using Our New Tax Wizard!

6 February 2012 - So far we've calculatedworth of tax refunds - someone just calculated arefund!

Select Tax Year:	Please Select.. 2012/ 13 2011/ 12 2010/ 11 2009/ 10 2008/ 9 2007/ 8
Company Profit (GROSS):
Sex:	Please Select.. Male Female
Age (To calculate allowances):	Please Select.. 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150 SPA?

Calculate the tax on dividends against tax on salary

Just enter your company profits below

Assumptions/Quirks!

• Update! - With changing state pension ages, you now have to tick whether you have reached state pension age or not. You can use our state pension age calculator to find out.
• New! - We have included the dividend, corporation and income tax rates/bands for the 2012/2013 tax year.
• 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 from 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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