Optimum Directors Salary 2024 25. Decoding optimal Directors’ salary for 2024/2025 CJ Bookkeeping National Insurance rates and thresholds for 2024-25 As the thresholds have remained the same, the optimum directors salary in 2024/25 was £12,570.
Tax Efficient Director’s Salary from theonlineaccountants.uk
How much salary? The optimum salary for a director is £12,570 per year (£1,047 per month) This level of salary will incur some employers National Insurance because the secondary threshold above which that kicks in is £9,100 per annum.
Tax Efficient Director’s Salary
For the new 2024/25 tax year (6 April 2024 onwards) we recommend that you maintain the monthly salary drawn from your company at £1,047.50 per month (£12,570 per annum) Salary for companies with more than one employee or director This level of salary will incur some employers National Insurance because the secondary threshold above which that kicks in is £9,100 per annum.
What is the Optimum Directors Salary for 2022/2023? — Bradley Accounting. For the 2024/25 tax year, the corporation tax rates remain at 19%, 25% and 26.5% (marginal rate) Optimum director's salary 2024/2025 Optimum director's salary 2024/25 is £12,570 per annum, equating to £1,047 per month or £241 per week
Optimum Salary for Limited Company Directors in 2023/24 Tax Year ESDG Accountancy. For single-director companies, £11,908 was the most tax-efficient salary. The rate of employee Class 1 National Insurance for 2024-25 is 8%, having been cut from 10% in the Spring Budget 2024