Hi
I work for my own Ltd company and intend to pay myself a salary of £5700 for 2010/11. Am I write in assuming that as I am paying myself under both the PAYE and NI thresholds and am a Director of the company, that it doesn't matter at what frequency I pay myself my salary? So, I can pay it annually, weekly or monthly if I like?
Also, do I have to register a PAYE scheme even though I am paying myself below the thresholds?
Finally, am I also right in assuming that if I am 'out of contract' with a client (ie the company is not generating sales), that I can take a break in paying myself the Director's salary, to reduce the costs that the Co is having to meet?
Thanks in advance for any advice.
I work for my own Ltd company and intend to pay myself a salary of £5700 for 2010/11. Am I write in assuming that as I am paying myself under both the PAYE and NI thresholds and am a Director of the company, that it doesn't matter at what frequency I pay myself my salary? So, I can pay it annually, weekly or monthly if I like?
Also, do I have to register a PAYE scheme even though I am paying myself below the thresholds?
Finally, am I also right in assuming that if I am 'out of contract' with a client (ie the company is not generating sales), that I can take a break in paying myself the Director's salary, to reduce the costs that the Co is having to meet?
Thanks in advance for any advice.
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