Seeking salary advice

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

escapeUK replied

26 February 2012, 12:33
Just take the dividends until the new tax year.
Leave a comment:
blinko replied

26 February 2012, 08:45
Super, thanks guys!
Leave a comment:
cojak replied

26 February 2012, 07:37
Normal service will resume 8:00 25/2/12.

Thank you for your questions.
Leave a comment:
northernladuk replied

26 February 2012, 01:46
Here you go, something to read for a starter for 10..

http://forums.contractoruk.com/accou...-yourself.html

http://forums.contractoruk.com/accou...-much-tax.html

http://forums.contractoruk.com/accou...gh-tax-yr.html

http://forums.contractoruk.com/accou...scal-year.html

Not read them all so DYOR of course

Search I used was

PAYE permie site:forums.contractoruk.com/accounting-legal/ - Google Search
Leave a comment:
northernladuk replied

26 February 2012, 01:42
There have been a couple of questions about this recently, I believe Psychocandy started a thread on this plus a few others. I think the outcome was not to pay any more PAYE and just do dividends.

Try having a search using the <keywords> site:forums.contractoruk.com/accounting-legal/ to see if you can find them.
Leave a comment:
blinko started a topic Seeking salary advice

26 February 2012, 00:42
Seeking salary advice

Hi all,

I am hoping to gain some advice on my salary/dividends.

This financial year apr 2011 - apr 2012 I have had 2 PAYE jobs for a total of 5 months. I have just started contracting in October and setup my own limited company.

I have earnt over the tax free allowance.

I wanted to ask for advice on whether I should pay myself a minimum wage salary upto April 2012 or just take dividends upto April 2012

OR

Is there a better way to reduce my tax bills?

Thanks

P.s I am not interested in offshore structures or loan structures thanks.
Tags: dividend, paye, salary