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***Brian Turner*** · 15-05-2008, 11:34 AM

Just thought I'd better check out what the actual higher rate of income tax was for working out dividends:
http://www.direct.gov.uk/en/Nl1/News...2008/DG_072925

I actually thought the 40% rate was around £40,000-£43,000 - so was pretty surprised to see it at £36,000.

I guess I've been making a simple mistake of thinking 40%=£40 at some point and never got around to correcting myself.

Quite lucky really, as I thought I was under paying myself with dividends, but it looks as though I had myself a lucky escape - I could have been paying more and fallen foul of paying a lot of tax by accident!

15-05-2008, 11:34 AM	#1 (permalink)
*Brian Turner* Business Guru Join Date: Dec 2003 Location: Near Inverness, Highlands, Scotland Posts: 7,687	40% tax bracket is £36000? Just thought I'd better check out what the actual higher rate of income tax was for working out dividends: http://www.direct.gov.uk/en/Nl1/News...2008/DG_072925 I actually thought the 40% rate was around £40,000-£43,000 - so was pretty surprised to see it at £36,000. I guess I've been making a simple mistake of thinking 40%=£40 at some point and never got around to correcting myself. Quite lucky really, as I thought I was under paying myself with dividends, but it looks as though I had myself a lucky escape - I could have been paying more and fallen foul of paying a lot of tax by accident! __________________ SEO specialist