It's that time of the year again when we must consider the optimum salary
and dividend package for 2014/15 for a small one director Ltd Co.
Am I right in thinking it is as set out below?
Salary £7956 - no tax or NI payment issues
Actual paid Dividend £30518 (ie £33909 x 90%). No income tax payable in SA return.
Proof: £7956 + £33909 = £41865 which is rate at which 40% tax is payable.
Thanks for your input