From: "goped19" 
Newsgroups: uk.finance
Subject: Tax On Company Dividends
Date: 30 Jan 2006 04:56:17 -0800
   posting-account=4vmAkg0AAACgq36nIkFuKUL0pRaS3qpw

Hello,

A company makes =A320,000 profit in the year.

If you wish to extract this as a company dividend 3 times per year do
you then have to pay income tax & national insurance on this income or
is it 'tax free' as long as you are not paying a higher rate of income
tax??

Thanks