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Just as a reminder now the new tax year is here the rates are as follows:

UK Taxpayers, excluding Scottish Taxpayers’ (please contact us for Scottish rates)

 Tax on salary/earningsDividends (Next year 2022/23)
£0-5,000  
£0-12,570 
£12,571-50,27020%8.75%
£50,271-150,000*40%33.75%
£150,00045%39.35%


Other things to think about:

  
Marriage transferable allowance£1,260
Property allowance/trading allowance£1,000
Personal savings allowance at 0%Basic Rate £1,000 Higher rate £500
Dividend allowance at 0%All individuals £2,000

Considering how best to extract value from your business, read our Bev’s blog here and get in touch for a cuppa and a meet to discuss the options relevant for you.



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