Sole trader v Limited company Which creates the best result for 2016-17?

Enter the following:		2016-17
Trading profits before tax
%age profits retained by company
Projected results:	Sole Trader 2016-17	Incorporated 2016-17
Income before tax *
Tax and NIC payable
Net income after tax and NIC
Retained profits of company
Benefit of incorporation (including retained profits of the company)

* Note: The income before tax in the incorporated column assumes the sole shareholder/director will take a minimum salary to save NIC and the rest as available dividends. The calculations of tax payable only include deductions for basic personal allowances and reliefs. If profits are retained by the incorporated business option this will increase the benefits of incorporation as profits are only taxed at 20%. Sole traders will always pay income tax at increasing rates on all their profits, even those retained in the business.