Client with PAYE £8164, Rental income £3488, Dividends £38,250 so gross £49,902.
Tax worked out as BR on £152 @ 20% (for the PAYE+Rental)
Then on the divis nil rate band £5k, £28,348 to HR @ 7.5% = £2,125.10
Then HR £4,902 * 32.5% = £1,593.15
Total tax £3,749.65
I'm stuffed if I can see how that can be bettered, but my software is suggesting we should paper file under exclusion 70, but what order of offset wins?
If you put the L&P in as top slice, all we do is replace 32.5% with 40%. Its not as if we have savings income to push to the top band.