Category Archives: Tax

Tax Efficient Salary And Dividend – Tax Year 17/18

For the 2017/18 Tax Year (6th April 2017 to 5th April 2018), you have 2 options as follows: Option 1 is for Companies with just the Director as an Employee Option 2 is for Companies with an Additional Employee Option One – Annual salary to NI threshold Gross salary £8,164 equal to £680.33 per monthContinue Reading

Setting your Tax Free Salary and Dividends from April 2015 Up to March 2016

Taking into account the recent budget changes and the new Pension Auto Enrolment Rules, I recommend taking the following Salary and Dividends from April 2015 to March 2016 from your Limited Company, assuming you have no other income and the limited company has profits available to distribute: – An Annual salary of £8,060 (equivalent toContinue Reading

Tax Free Salary and Dividends 14/15

Taking into account the recent budget changes, the most tax efficient mix Salary and Dividends from April 2014 to March 2015 from your Limited Company, assuming you have no other income is as follows: – An annual salary of £7,956 (equivalent to £663 per month), plus – Net dividends of £30,518 This will give you an AnnualContinue Reading

Tax free expenses

What expenses are tax free Whether you’re a company director planning your own salary package, or looking for ways to cut the cost of your staff payroll, you can consider the following tax-free* expenses: Accommodation, supplies and services used in employment Annual parties and functions Bus services subsidised by the employer Cars for disabled employeesContinue Reading