WE EARN A SALARY OF JUST £12.5K

Added: 2026-05-18

[00:00:00]Amanda, what is your salary? 12 and 1/2 K. What's my salary?

[00:00:03]>> 12 and 1/2 K. And we wish we could give Joseph a salary of 12 and 1/2 K, but he's not 13 yet. But as soon as our kids hit 13, we've got four kids, they're all going to be on 12 and 1/2 grand. Why is that? Because you don't pay any tax.

[00:00:15]>> If it's 12 and 1/2 grand or less. Let's say we want to make 100 grand. What we're going to do is we're going to pay ourselves in dividends, because dividends is a sliding scale, but it starts at just 8.75% tax, which is considerably less than straightforward income tax. And any of the profits left over, we're going to put into our pension SAS fund, which we're going to invest into what?

[00:00:33]>> Commercial property. And then all of the money that we make from that property goes into our SAS. And how much tax do we pay?

[00:00:38]>> Nothing.

[00:00:38]>> So, learn your taxes, and they don't teach this in school.