Hi All
I've found some conflicted information on the forum with regards to whether the nett or gross dividend I received as contractor from my limited company counts to my earnings. I assume nett dividend as the company paid the tax and not me. (I am applying for Tier 1 extension after HSMP of 2 years)
This is not good news though! I didn't consider this when structuring my monthly payments. If I paid myself a salary instead and paid more tax I would have 'earned' more but taken less home each month. Makes no logical sense at all if this is to proof that I earn enough.
Would appreciate anyone who can confirm that it is net dividend? Or give me great news and say that it is gross dividend.
Thanks!
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