Contract Rates/ Permie Salary and Math

[malvolio]

CC goes with £6k for its figures, and SJD recommend £11k for what it's worth

SJD's argument (and I've heard it elsewhere) is to tie you salary to somewhere close to National Minimum Wage. (a) because it's good PR and (b) it's quite likely that any changes by Treasury/HMRC to "adjust" our income paramters will be based around NMW anyway. Sounds reasonable but I have no idea how well grounded in reality it is!

[pmeswani]

SJD's argument (and I've heard it elsewhere) is to tie you salary to somewhere close to National Minimum Wage. (a) because it's good PR and (b) it's quite likely that any changes by Treasury/HMRC to "adjust" our income paramters will be based around NMW anyway. Sounds reasonable but I have no idea how well grounded in reality it is!

I'm on £5,760 a year as my salary, and the rest of my income is in dividends and expenses. I wanted to take more in salary, but the accountants advised against it. I don't know how common my structure is.

[Manic]

Minimum for me too. My working practices and company structure is such that I am confident of being IR35 clean.

[Peoplesoft bloke]

I'm on £5,760 a year as my salary, and the rest of my income is in dividends and expenses. I wanted to take more in salary, but the accountants advised against it. I don't know how common my structure is.

Likewise, my account told me off for suggesting I pay myself more as salary - his argument is since I (and his tax adviser) have checked my contract and working practices and are happy I'm not caught by IR35, there is no point in paying more as salary