Director's salary

listerofsmeg01 · 2006-07-22T13:57:21+00:00

I currently work full time and earn approx £31k. I wish to start a ltd company and trade in my spare time. Obviously if I pay myself more than £2k, I will get hit with 40% income tax. Therefore, is it possible to pay myself the minimum £2k, and reap the company profits via dividend, or is £2k too much of an "unreasonable" figure for the IR. If £2k is acceptable, do I have to pay myself anything at all? 19% corporation tax is better than 22% income tax. Thanks, Lister

Jul 22, 2006 20 Replies

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Peter Saxton 20 years ago

Not if you list to that idiot Brown.

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Director's salary

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