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Reply to: annual salary

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Previously on "annual salary"

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  • rootsnall
    replied
    Originally posted by Sockpuppet View Post
    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.

    Leave a comment:


  • Sockpuppet
    replied
    Originally posted by rootsnall View Post
    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.

    Leave a comment:


  • rootsnall
    replied
    Originally posted by ctdctd View Post
    £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.

    Leave a comment:


  • Sockpuppet
    replied
    Originally posted by rootsnall View Post
    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.

    Leave a comment:


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

    Leave a comment:


  • rootsnall
    started a topic annual salary

    annual salary

    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.

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