Salary amount

[Notascooby]

£7605

p.s. no need to be tw@ish to NLUK - if he doesn't post a have you searched the forum link the world will explode. It's something to do with Ravens and the Tower of London apparently.

[darmstadt]

None, no salary, no divs. All the money that I earn is mine and as long as I pay all the correct deductions as laid down by law then I don't need to bother with any of that. Thats how it works here, nice and easy....

[jamesbrown]

Basically its stats, if you are paying the minimum your chances of being investigates is 1 in 7 if you are paying above, the chances are 1 in 20 - or so am told... its up to me at the end, that was just an advise, I just wondered what the majority here thinks? Also if any accountants around to shed some light?

This is complete nonsense. No one knows, statistically speaking, how HMRC risk profile, for obvious reasons. But they are unlikely to use such a weak (non) pointer as this. Perhaps you'd care to explain, for example, why the secondary NI threshold is not a commercial salary, but 12k (or any other low k) is a commercial salary? The difference between these numbers is also close to irrelevant in terms of the potential liability (i.e. the total amount to which a deemed salary calculation might apply).

[northernladuk]

Dear NLUK you made your point in every single post anyone posted, now please stay away and refrain from replying.

Again this is an accounting forum and I will/shall ask any questions that I do not know the answer to whether you like it or not, so you will not put me off asking with your bullying tactics.

I am not trying to bully you from asking, maybe think a little about what you are saying would be nice but the more you post the more I have to do

Thanks for the link, will look at it but this is a Poll. So vote please.

I can't. There is no option for me to vote.

[SandyD]

I am not trying to bully you from asking, maybe think a little about what you are saying would be nice but the more you post the more I have to do

As I said I don't care what you say/think about my questions, I will still ask my questions like it or not, happy to admit I have not given accounting much thought in the past, if you don't like my questions, you can take a hike

[northernladuk]

As I said I don't care what you say/think about my questions, I will still ask my questions like it or not, happy to admit I have not given accounting much thought in the past, if you don't like my questions, you can take a hike

On the contrary, I love your questions..

[pcgtron]

I can't vote either as no option for 7488

[quackhandle]

As I said I don't care what you say/think about my questions, I will still ask my questions like it or not, happy to admit I have not given accounting much thought in the past, if you don't like my questions, you can take a hike

qh

[Bunk]

I pay myself £7,488, increasing to £7,696 after April.

Woohoo, payrise!!

[Nixon Williams]

Thank you, I thought the threshold has increased to a £8100, so obviously am wrong. Thanks for letting me know, but true I am told I'd have a liability on that amount but its not much.

Thanks again.

It is confusing but the tax threshold for 2012/13 is £8,105, (£9,440 for 2013/14) however in order to avoid paying NIC (both employers and employees) than the optimum salary to pay is £7,488 for 2012/13, rising to £7,696 for 2013/14.

It would be nice if we could get back to the time when the starting thresholds for PAYE and NIC were set at the same level.