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7.5% on your dividends. About 3k a year for a 100k earner... Nothing to go permie about.
by nikon 11y ago
7.5% on your dividends. About 3k a year for a 100k earner... Nothing to go permie about.
- peteretep 11y agoI had thought the jury was still out on this - I do hope it ends up being only that amount though.
- logiclabs 11y agoThe rates for dividend payments are set but because of the triple changes of the budget - dividends, employment allowance and travel/subsistence expenses, it could affect some contractors a lot worse than others. Though it's mostly those who rack up large commuting/accommodation expenses chasing high paid work in London while not living anywhere near there. The travel/subsistence rules haven't been set yet but it's likely HMRC will crack down on them quite hard.