change in income tax taxable bands

**Ruprect** · 2 April 2008, 16:37

Have you factored in NICs?

**Moscow Mule** · 2 April 2008, 16:39

Originally posted by chef View Post

With the upcoming change in personal income tax and the lowering of basic rate to 20%

is there any benefit in paying myself just above minimum wage anymore?

wouldnt it be just as beneficial to pay myself something around £35k or have I missed something?

NI?

**chef** · 2 April 2008, 16:40

Ahhh good point,

oh dear, I am going to be dissappointed with myself when i have my "annual pay review",

luckily i own 100% shares in a very generous company who gives excellent dividends so it's not all bad

**NotAllThere** · 2 April 2008, 18:47

As MD, you should sack yourself for not knowing that, as FD.

Perhaps you could then sue yourself for unfair dismissal. Or maybe make the FD redundant.

change in income tax taxable bands