Hi
My wife and I are in business together and director of ltd company, and we are looking to move house and need more income or larger deposit to get house
We currently take a salary of 35,000 each. At present we have good amount of cash in business. So option would be to either:
a ) Take salary of 70,000 each per year
b) Or take 150,000 net dividend(after tax) from the business.
Which is the most tax efficent method. Anyone know much 150,000 dividend would cost in tax
My wife and I are in business together and director of ltd company, and we are looking to move house and need more income or larger deposit to get house
We currently take a salary of 35,000 each. At present we have good amount of cash in business. So option would be to either:
a ) Take salary of 70,000 each per year
b) Or take 150,000 net dividend(after tax) from the business.
Which is the most tax efficent method. Anyone know much 150,000 dividend would cost in tax