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When considering how to extract profits tax efficiently from your company, the decision will most often be around whether to take a salary or a dividend.
Historically, it has been most beneficial to take dividends over a salary for higher and additional rate taxpayers, however, this may no longer be the case for the tax year ended 5 April 2024.
There are many factors that need to be considered when calculating an individuals position and there is no “one size fits all” answer to this question.
If you would like to discuss this further, please get in touch and we can review your position.
Tags: Business Entrepreneur Tax tax relief
Contact our specialist team
- Kate Gott – Corporate Tax Director
- Tel +44 (0)20 7832 0444
