Taking a £20,000 Dividend

Clients often ask: "Can I take a £20k dividend this month?" The typical check is whether reserves allow it. But with Tax Torch, you can go further: does it push them into a higher rate? Are there smarter ways to draw?

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1. Input the client’s full income profile—including property, employment, etc.
2. Add their salary and a proposed £20,000 dividend.
3. Use the dashboard to check how this affects their basic rate band.
4. Model alternative scenarios: £10k now + £10k next year, or part pension.
5. Discuss the visual summary of tax impact and let the client choose.

• Whenever clients want to draw lump sums
• At year-end for bonus/dividend discussions
• During strategic planning

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