Tax efficient salary for 2015/16

[jffinancial]

NI

Re Directors NI - you can elect to run it using the 'Alternative Method' to smooth it over the year so you do pay 4 quarterly amounts instead of one lump sum. Most payroll software should allow you to do this, we tend to do this for clients we manage the payroll for so they have the NI spread over the year instead of being hit at the end of the year.

Also we have written an article below on the optimal salary and dividend levels for 15-16:

What is the best mix of salary and dividends for 2015/16 ?

[PerfectStorm]

Also we have written an article below on the optimal salary and dividend levels for 15-16:

What is the best mix of salary and dividends for 2015/16 ?

Well written, thank you

[Sausage Surprise]

Yes you do if you want to use the employment allowance. Ask them.

Well I'm not so I won't

[asingh]

Also we have written an article below on the optimal salary and dividend levels for 15-16:

What is the best mix of salary and dividends for 2015/16 ?

Thank you for that. Really useful

[ittony]

Also we have written an article below on the optimal salary and dividend levels for 15-16:

What is the best mix of salary and dividends for 2015/16 ?

That's great, thanks. Wish I'd started reading this thread back to front now.

Can anyone confirm, if take the £671 route for a quiet life (running my own payroll with HMRC RTI) and later decide that the £883 option would have been worth it after all, would there be any harm in adjusting the pay in the last three months to make up the difference? Or if I did it the other way round, starting on £883 and changing in favor of £671 a month equivalent.

[jffinancial]

re

thanks for the feedback, glad the article was useful :-)

[dagenheis]

Re Directors NI - you can elect to run it using the 'Alternative Method' to smooth it over the year so you do pay 4 quarterly amounts instead of one lump sum. Most payroll software should allow you to do this, we tend to do this for clients we manage the payroll for so they have the NI spread over the year instead of being hit at the end of the year.

Also we have written an article below on the optimal salary and dividend levels for 15-16:

What is the best mix of salary and dividends for 2015/16 ?

Is net affect the same for the option 1 if the 963 is paid for 11 months (May-March) rather than 863 for 12 months (Apr-March)? So the total salary for the year is below 10593 (below 10600).