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My business is my pension. Really?

Check your answers

Test your knowledge

1.       The standard fraction for calculating corporation tax between £50,000 and £250,000 of profits for limited companies from 1 April 2023 will be;

a.       1/200

b.      3/200

c.       5/200

d.       100/200

2.       Employers NI above the secondary threshold for the 2022/23 tax year will be;

a.       3.25%   

b.       13.25%

c.       13.8%

d.      15.05%

3.       The basic, higher and additional rates of dividend taxation for 2022/23 is;

a.       7.5%, 32.5% and 38.1%

b.       20%, 40% and 45%

c.       8.75%, 33.75% and 39.35%

d.       19%, 40% and 45%

4.       The NI Primary threshold for limited company owners taking a salary for 2022/23 is effectively?

a.       £9,100

b.       £9,880

c.       £11,908

d.       £12,570


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