Easy way to calculate tax and NI to realise a specific nett
Easy way to calculate tax and NI to realise a specific nett
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Discussion

Oscarmac

Original Poster:

354 posts

199 months

Friday 21st July 2017
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Hi,

We are in the process of buying a new house. Part of the funds needed will be provided by a one off bonus from my Ltd. Company.

Is there a simple way to calculate the gross amount I need to pay myself and my wife (we both work for the company) in order to realise a nett £60k?

Any extra income will push me very quickly into 40% territory whilst my wife has a bit more leeway.

Accountant on holiday and need to transfer the funds by next Wednesday. Google doesn't help.

Any help would be very much appreciated

ianrb

1,643 posts

170 months

Saturday 22nd July 2017
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PurpleMoonlight

22,362 posts

187 months

Saturday 22nd July 2017
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Is PAYE the best way?

What about Dividends?

4Q

3,606 posts

174 months

Saturday 22nd July 2017
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Can't you transfer it as a loan until your accountant returns from holiday so he can sort out the most tax efficient way to receive it?