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Standard Life - Salary Versus Dividend - Input

Version 10.1

[Assumptions][Limitations]

The purpose of this calculator is to allow you to review a client's current remuneration arrangement.

The calculator makes certain assumptions to enable basic calculations to be made. You must refer to these assumptions before completing the input. Please note where a client has a combined total of taxable income and dividend over £99,999.99 in fiscal year 2010/2011, the calculator currently cannot be used. We are working on reintroducing functionality for totals above this level. Sorry for any inconvenience caused.

This calculator is for information only and does not constitute advice. No guarantees are given or responsibility accepted for the effectiveness of any arrangements entered into as a result of using this calculator.

Adviser name: Assumptions
Company name:
Company pre-tax profits:
Client's name:
Client's date of birth: (DD/MM/YYYY)
Sex of client:
Personal allowance (if known):
Tax year:

 CurrentRequired
Salary
Net dividend:
Pension payment:  
Additional pension payment:  

Standard Life - Salary Versus Dividend - Additional Information

Assumptions and Notes:

Return to Input
The calculation makes the following assumptions:
  1. that no account has been taken of the loss, if any, of state benefits that may arise from choosing dividend rather than salary.
  2. for the purposes of this calculator, the year chosen relates to the income received in the fiscal year for the employee (6 April to 5 April), and the profits made by the company in the financial year (1 April to 31 March), ie it is assumed that the salary earned to the 5 April is an expense relating to the profits for the financial year ending 31 March.
  3. that the company is not in receipt of dividends from other UK companies. If this is the case the calculation becomes more complex and is outwith the scope of this calculator.
  4. the Company pre-tax profits is the gross company profit available for distribution as salary or dividends.
Please note:

Tax relief may be altered and its value depends on the individual's financial circumstances.

Limitations:

Return to Input
The calculation has the following limitations:
  1. Where a client is aged 75 or over during the fiscal year selected, the calculator cannot be used.
  2. Where a client has a combined total of taxable income and dividend over £99,999.99 in fiscal year 2010/2011, the calculator currently cannot be used. We are working on reintroducing functionality for totals above this level. Sorry for any inconvenience caused.




The information on this site is for qualified advisers only and must not be relied on by anyone else. If you are not an adviser you should go to our main website for information about our products and services.

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Please note that adviserzone features UK and offshore products provided by Standard Life Assurance Limited and other subsidiaries of Standard Life plc. Click here for a list of product providers.

Standard Life Assurance Limited (SC286833) is registered in Scotland at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH and is authorised and regulated by the Financial Services Authority. 0131 225 2552. Calls may be recorded/monitored.

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