Our Salary and Dividend Illustrations for the new tax year (202/21) are now available to download.
This document illustrates the effect of the tax changes and helps limited company directors to make a decision on their 2020/21 salary. There is a section specifically for contractors who are the only director and employee of their company.
Please note that the ‘most tax efficient’ model included in our illustrations is an example based on the assumption that there is no other income. Please consult with our accountants for tailored advice.