You’ve not drawn salary from your company for the last three months because its income was significantly reduced. It’s now improving and you’re restarting your salary next month. Is it worth paying
yourself the arrears?
Published 07.07.2020
Every year you can take a tax-free amount out of your company by way of salary and dividends. But what if you’re approaching the limit for this year? What measures can you adopt to save tax?
Published 13.03.2008
You’re about to reach state pension age but have no intention of giving up running your company. As you’ll no longer have to pay NI contributions on salary should you start taking more of it and less
in dividends?
Published 07.01.2019
If you have control over the salary and dividends you receive from your company, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected
by the pandemic. What factors should you consider for maximum tax efficiency?
Published 09.03.2021
You’ve used your personal savings to fund a start-up. You expect it to take a year until it will be financially self-sufficient. You can’t see the point of taking a salary from the company until
then, but might you be losing tax and other advantages?
Published 20.04.2022
We now know the NI limits for the next tax year as well as the tax-free allowances and rate bands. If you want to set your salary for optimum tax efficiency what figure should you be aiming at?
Published 04.02.2014
As a director of a small company you can more or less say how and when you would like your salary paid. The trouble is your total income varies each year which makes it tricky to decide what salary
to take. Is there a way around this?
Published 16.10.2018
Salary sacrifice arrangements are a tried and tested way of reducing tax and NI. But if you’ve already optimised your salary for maximum tax efficiency are they still worthwhile or is there a better
alternative?
Published 14.05.2015
It can take some time before a new company has enough income to be able to afford to pay its directors. This can mean losing out on tax and NI advantages. But is there a way to achieve these without
the company having to actually pay you?
Published 21.09.2011
Dividends are usually the most tax-efficient way to take income from your company, but not always. In what situations should you think about taking salary or a bonus instead?
Published 20.03.2012