Your own taxes: Your taxes are deducted from your salary each month. However, since you’re also the company, you’re the one who’ll need to make the calculation and actually deduct tax through HMRC’sPAYE system. The usual rates apply to your salary. However, anydividendsover £5,000...
while getting basic rate tax relief on some of his pension contributions. If he expected to increase his salary by 50% over the next ten years, then he would hit the ISA contribution limit and be