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all "Directors - does it always pay to take a salary?"
related advice.There are 10 results
As a director of your small company you have complete autonomy over when and how you are paid. What do you need to consider before committing your company to a salary if cash is tight?
Published 29.11.2023
Benefits in kind are usually more NI efficient than salary. However, the opposite can be true for director shareholders who receive a low salary, perhaps topped up with dividends. What savings are
possible and how can you take advantage?
Published 13.10.2017
The Summer Budget included news for employers claiming the NI employment allowance (EA). Some will benefit from a 50% increase while others will lose the allowance entirely. Will your company be a
winner or a loser?
Published 07.09.2015
In the last Autumn Statement the Chancellor confirmed that from April tax-free allowances will rise, but the point at which higher rate tax kicks in will be lower. What changes to your salary and
dividends are needed to stay tax and NI efficient?
Published 03.02.2012
Business has been particularly good this year, and you want to take more out of the company. But exactly how should this extra be taken - as a bonus or a dividend? It’s the eternal question.
Published 21.12.2005
A new financial year is approaching and your accountant has recommended a more aggressive approach to tax planning by paying regular dividends instead of salary. But your co-director/shareholder says
this will cause problems. Is he right?
Published 09.12.2011
The new employment allowance is worth up to £2,000, but not every company is entitled to claim it. HMRC’s latest guidance aims to make clear who can and who can’t. What’s the full story?
Published 29.04.2014
To qualify for the full new state pension you’ll need 35 years of earnings on record. Even then by continuing to take a salary from your company you might increase the pension you’ll receive. What’s
the full story?
Published 18.03.2016
The directors of a recently formed company were canny enough to know that taking a small salary plus greater dividends would be tax-efficient. But could they retrospectively change their remuneration
package to save even more tax?
Published 12.10.2011
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