Ltd Co Vs Sole Trader: What You Need To Know For This Tax Year with Amman Sarkaria [CPD Available]

Dentists Who Invest Podcast

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14d ago 57:06

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Should you operate as a sole trader or through a limited company? For dental professionals, this decision can impact everything from tax bills to long-term wealth. In this essential episode, specialist dental accountant Amman Sarkaria breaks down the financial, legal, and practical implications of each structure — updated for the 2025 tax year.

Amman walks us through real-world comparisons, including a £130,000 income example that shows how dentists could save up to £25,000 annually with the right limited company setup. Learn how to optimise your salary-dividend mix, make use of electric vehicle deductions, and even employ family members legally and effectively.

But it’s not just about tax perks—we explore NHS pension eligibility, IR35 risks, and whether a Ltd Co truly fits your career stage and lifestyle goals.

Whether you’re newly qualified or restructuring your business, this episode delivers the insight every UK dentist needs to make an informed, strategic decision.

Listen now and maximise your tax efficiency this financial year.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

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Chapters

1. Self-employed vs Limited Company Basics (00:00:00)

2. Tax Rates and Registration Differences (00:03:32)

3. Worked Example: Tax Savings Comparison (00:07:12)

4. Electric Cars and Tax Deductions (00:16:13)

5. Deductible Expenses and Business Hacks (00:24:57)

6. Holding Companies and Asset Protection (00:42:27)

7. Cautions and NHS Pension Considerations (00:52:17)

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