Quote:
Originally Posted by bochgoch
I pay 40% tax on my earnings outside of the internet so can't avoid it.
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if ur a pvt ltd company - having directors split the dividend gets u into the 20% tax bracket!
eg ur partner & you are directors of a company & making say 30,000/ p.a each - instead of one person making 60,000 p.a & getting into the 40 % tax slab!
so both of you are paying 20 % tax - that's a saving of 20,000 pounds if ur earning 100,000 p.a