Business tax planning · 2024/25
Compare Sole Trader vs Limited Company tax
Toggle between sole trader Class 4 National Insurance plus income tax or limited company corporation tax with dividend drawdowns.
Mode
Breakdown
- Income tax
- £23,432.00
- Class 4 NI
- £3,056.60
- Net profit after tax
- £63,511.40
Effective tax rate 29.4%
Tax vs net income
Business snapshot
£63,511.40 net profit
- Gross Annual
- £90,000.00
- Tax & NI
- £26,488.60
- Pension
- £0
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