UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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Multi source wizard calculator doesnt allow £1000 of personal savings allowance (500 if higher rate)?
Ac - 14/07/2015 00:00:00This has been corrected and should now be showing.
Ray Arman
Hello, your new dividend tax calculator for 2016/17 does not take into account the drop in CT to 19%.
Will Barnett - 09/07/2015 00:00:00The rate drops to 19% in 2017.
Ray Arman
I also think that the tax on dividends is not taking into account the new £5K allowance and the 3 differentrates of taxation
Will Barnett - 09/07/2015 00:00:00This has now been added. Select the 2016/17 tax year option.
Ray Arman
In terms of the dividend vs salary calculator how about a max £32k dividend option illustration?
Richard Russell - 09/07/2015 00:00:00It depends upon the level of profits input into the calculator at the moment. So a £32k dividend will only be taken if the company has net profits after CT of £32k.
Ray Arman
1 query example 2; you have not taken advantage of the last £2,888 personal allowance after only £8112 salary???
Luke Randolph - 09/07/2015 00:00:00The second example attempts to only take a salary equal to an amount before it would be liable to NICs. It may not be the best scenario depending upon the profit but is placed there to allow comparison.
Ray Arman