What is the best amount to be withdrawn as Directors Salary?
Directors are responsible for managing and overseeing the operations of a company, and they are often compensated with a salary. However, when it comes to directors’ salaries, there are several factors to consider to ensure that they are tax efficient. In this post, we’ll explore the most tax-efficient salary for 2023/2024 in the UK, whether directors should pay themselves dividends, how National Insurance affects directors’ salaries, and whether directors can use the tax-free Personal Allowance on their salaries.