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National Insurance on dividend earning

AJ71 · 2015-02-07 12:39:01

From my main job I get gross £70000 a year. I understand I am paying 12% NI contribution for income £7956-£41865, and 2% for income £41865-£70000 per annum. This year I have got a dividend from my limited company and this is £10000. My accountant is saying I should pay £10000 x 12%= £1200. My argument is that I should pay…

Comments

General_Grant Posts: 5,339 Forumite

7 February 2015 at 6:22PM

AJ71 wrote: »

Thank you guys for your replies.I should have been careful appointing my accountant. Definitely, I have been badly served and advised by my accountant. I am after a new accountant. Your answers have been thousand times better than what I received by giving money.

Wow. Are you serious? You paid for this service?

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