
Budget 2017 summary: Key points at-a-glance
In case you missed it ... Philip Hammond has delivered his first Budget as chancellor. These are the key points of what he has said. Personal taxation The main rate of Class 4 National Insurance contributions for the self-employed to increase from 9% to 10% in April 2018 and 11% in April 2019. Note: This item has now been reversed by the government since the budget announcement. The increases, applying to earnings between £8,060 and £43,000, will raise £145m a year by 2021-22

Salary or Dividend? Which is right for you?
How you decide to take your income will depend on a number of factors and it's important to seek professional advice before committing to a strategy. One option is to draw a salary within the personal allowance that preserves entitlement to the state pension. For example, a salary of £8,060 is within the personal allowance, builds state pension entitlement and is below employer/employee national insurance contributions (NICs). The remaining income can be taken as a dividend.