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Directors Salary From April 2017

Published on 1 March 2017, by in Blog, News.

From April 2017, we recommend directors take a monthly salary of £680. This salary ensures you receive a ‘qualifying year’ of National Insurance Contributions towards your State Pension, but without the need to pay any contributions. This salary is also below your Personal Allowance of £11,500 for tax purposes.

If you are taking a directors salary you will need to submit ‘Real Time information’ (RTI) to HMRC. We can help you with this, just give us a call 01273 739592.

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