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With increase in allowances whats best base salary for next year?

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    #21
    I currently pay £10kpa (badly advised by old accountant).

    My new accountant has recommended that I change to the £7605 as quoted by some of your guys.

    But I'm worried that this drop could open me up to investigation by HMRC (I'm Ltd and don't use any schemes).

    Do you have any thoughts on this or am I just being paranoid?

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      #22
      Originally posted by Redcar View Post
      I currently pay £10kpa (badly advised by old accountant).

      My new accountant has recommended that I change to the £7605 as quoted by some of your guys.

      But I'm worried that this drop could open me up to investigation by HMRC (I'm Ltd and don't use any schemes).

      Do you have any thoughts on this or am I just being paranoid?
      I don't think there is any evidence to suggest an increased risk. Also, nothing really to worry about with an HMRC investigation if you are PCG+ Member as they will handle it all for you.

      The amount of tax you will save by paying £7k rather than £10k will cover the cost of PCG+ membership. If you are not already a member I would suggest joining PCG+ and paying the lower salary.

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        #23
        Originally posted by Notascooby View Post
        Does this value change if you take childcare vouchers from your company, not sure if this is deemed salary sacrifice and therefore best figure would be allowance + value of vouchers for the year?
        is anyone able to advise on this?

        thanks

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          #24
          HM Revenue & Customs: Rates and thresholds for employers

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