Best salary for 2017/18

[genius]

Which would be valid as his accountant told him something and he didn't question it

I'm questioning it now?

[Darren at Fox-Bartfield]

Salaries

If you are the sole employee through your company, I'd recommend £8,164 per annum, then dividends thereafter.

If there are two employees through your company, I'd recommend one on a salary of £11,500 and the other on £8,170 per annum. As this way, you can take advantage of the Employment Allowance. Then take dividends thereafter.

However it does depend on your personal circumstances; future plans, any other personal income, etc.

The above is just general guidance.

Agree with Louisa, always worth discussing with your accountant to come up with a tailored strategy.

[PerfectStorm]

That isn't the optimal salary.

Nixon Williams are saying £8,160 is.

[Louisa@AardvarkAccounting]

Nixon Williams are saying £8,160 is.

That might be as they have rounded the figure down, so it's a simple £680 per month, rather than including the pennies too.

[SeanT]

Put £8164 and £8165 into here... The Salary Calculator - Take-Home tax calculator

I'm doing a round £680 as above though

[l35kee]

This seems pretty basic in terms of what an accountant should be telling you... So my advice is probably to get a new accountant tbh...

[SueEllen]

This seems pretty basic in terms of what an accountant should be telling you... So my advice is probably to get a new accountant tbh...

The ones who answered on here would be a place to start looking....

[psychocandy]

Last year I paid myself 11k salary and NI was about £31 a month.

Accountant is telling me this year the same salary will be about £62 a month due to a change in NI rules.

I found an article here that says a lower salary means no NI at all.

Optimum Directors Salary and Dividends 2017/18 - JF Financial : Online Accountants

Advice please?

And northernlad, don't post in this thread unless you have something helpful to say, cheers.

34 posts and hes already got the basics....

[northernladyuk]

It is according to the link I posted

Suit yourself if that's what you're happy with.

[genius]

Suit yourself if that's what you're happy with.

What do you think it is?