Quote Originally Posted by Toadstool View Post
Dividend tax is also going up by 1.5% - so if like me you are a director of your own company I'll pay 1.5% extra NI as an employee, 1.5% extra as an employer and 1.5% extra for dividends.

My wife and I are both employees and directors fo in total thats 9%....
That's proper 'man maths'!

It's not the same money that's taxed each time! Anything taken from the company will either be salary (potentially liable to the new extra NI) or dividends (which will be subject to the new NI) ... if it's shared between you and Mrs Toadstool it will be 1.5% each on half the amount, so still only 1.5% of the whole amount in total!