annual salary

[rootsnall]

What is the annual salary generally used to cover the legal minimum wage ? I have used 9K for years which I think is now not enough.

[ctdctd]

£5.52 per hour - or £10764 PA for a 37.5 hour week

[Sockpuppet]

What is the annual salary generally used to cover the legal minimum wage ? I have used 9K for years which I think is now not enough.

If your a director you don't have to pay the minimum wage to yourself or family members. HTH.

[rootsnall]

£5.52 per hour - or £10764 PA for a 37.5 hour week

Ta. Suppose I could of worked that out ! I'm might really treat myself and go for 12K.

[Sockpuppet]

Ta. Suppose I could of worked that out ! I'm might really treat myself and go for 12K.

That's what I do. £1k / month.

Yes its not the MOST tax efficent way but its still fairly tax efficent and means I only have to take divis every 12 months.

[rootsnall]

If your a director you don't have to pay the minimum wage to yourself or family members. HTH.

Rightly or wrongly I think it's always been looked on as a good idea for hector avoidance.