Hey! First time posting here!
I run my own business and it’s doing well. Currently I take the £37,700 a year dividend and I have £50,000 in ISA.
I’m getting married so will likely need a larger amount of money than £37,700.
The tax for extra dividends is 33.75% so should I use the money I have up in ISA first instead of paying the dividend?
Business owner: take out of ISA or pay extra dividend
byu/Safe-Pangolin-8687 inpersonalfinance
Posted by Safe-Pangolin-8687
1 Comment
Use ISA first: avoid the 33.75% hit.