Hi
As a company director is there a minimum salary I can pay myself and not pay tax/ni?
Thanks
Minimum Ni
3 posts • Page 1 of 1
Minimum Ni
by dasmith on Mon Apr 06, 2009 12:09 pm
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Re: Minimum Ni
by pawncob on Tue Apr 07, 2009 5:52 pm
You can pay yourself whatever you like. Min wage legislation has exemptions for company directors, but it is a minefield.
If you stay under the NIC /PAYE threshold then no tax or NIC will be due.
If you stay under the NIC /PAYE threshold then no tax or NIC will be due.
With a pinch of salt take what I say, but don't exceed your RDA
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Re: Minimum Ni
by radford007 on Mon May 04, 2009 6:31 pm
With regard to the National insurance please be aware that by not paying NI this will affect your state pension unless you are paying class3 voluntary contributions around £8.00 per week
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3 posts • Page 1 of 1
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