THE BEST DIRECTOR’S SALARY FOR 2021/22 (UK LTD)

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 14

  • @filiperodrigues5909
    @filiperodrigues5909 2 ปีที่แล้ว +1

    You are an absolute star! Thanks a million

  • @martinprice_systemhorizons
    @martinprice_systemhorizons 2 ปีที่แล้ว +2

    This is a really good explanation. Are you planning to do a 2022-23 version that takes account of the increase in NI threshold in July 2022?

    • @HeelanAssociates
      @HeelanAssociates  2 ปีที่แล้ว

      Oh for sure! This one has added complexity :- )

  • @coderider3022
    @coderider3022 ปีที่แล้ว +1

    Minimum wage rules not apply? How can I have business income of 100k but not pay a professional skilled salary ?

    • @HeelanAssociates
      @HeelanAssociates  ปีที่แล้ว

      The short is no, they are 'office holders' by default. But you can have directors with employment contracts (say in a larger business) which would make them subject to it.

  • @adinkracrafts
    @adinkracrafts 2 ปีที่แล้ว

    Thank you for the explanations. What about paying pensions when on a PAYE salary below NI?

    • @HeelanAssociates
      @HeelanAssociates  2 ปีที่แล้ว

      Hi, could you expand a little more on this - you can pay salary under this limit.

    • @adinkracrafts
      @adinkracrafts 2 ปีที่แล้ว

      @@HeelanAssociates If I am paying myself below the threshold to pay NI, and below the employer pension contribution, is there a limit on how much pension (employee) can pay? As in is deducted from the PAYE pay

  • @spidermain
    @spidermain 3 ปีที่แล้ว +3

    If I pay 6240 pounds (520 pounds lower earnings limit times 12 months) all at once through PAYE, do I still get a state pension credit? Or do I have to pay myself 520 pounds every month?

  • @allos4888
    @allos4888 3 ปีที่แล้ว +1

    Isnt it worth it to pay salaru so u can deduct 19% of corporate tax?

    • @HeelanAssociates
      @HeelanAssociates  3 ปีที่แล้ว +1

      You will also generally pay national insurance and secondary national insurance if you go all salary, which will cost you more than then 19% tax deduction.
      It’s why a mix is generally better.

    • @allos4888
      @allos4888 3 ปีที่แล้ว

      @@HeelanAssociates thank you so much for answering.Maybe it is worth it if you are able to claim the employment allowance so you would save that 13.8%. I sent you an email because i wanted a quotation for my new limited company but didnt hear back. This is my email: aquileslo123@hotmail.com. Amazing valuable content on this channel