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Hi.You might be interested in the calculator here. This will tell you how much tax and national insurance contributions you will pay in three different scenarios based on a profit of £50,000:1 As an employee/director of a limited company taking all the profit as £10,000 salary and the rest as dividend.2 As an employee/director of a limited company taking all the profit as salary up to the NIC threhold and the balance as dividend.3 As salary.4 As a sole trader.There is more information on dividends and tax here.I hope this helps but let me know if you have any further questions.
Thank you. The site you referred me to is exactly what I was looking for, albeit, I would like to see how the calculations are derived, but I'll work thru that on my own.