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Don't take most of the money out of your company as a salary, rather pay yourself a minimum level wage and take the rest out as dividends, that way you don't ha

by ig1 16y ago

Don't take most of the money out of your company as a salary, rather pay yourself a minimum level wage and take the rest out as dividends, that way you don't have to pay NI on it.

glenjamin 16y ago
Except dividends are double taxed - first on company profit, and then again as earnings.
- ig1 16y ago
  Speak to your accountant, you can get a 10% personal tax credit on dividend payments, so it's more efficient than taking the money out as salary.