What is the best way to pay myself as a limited company director?
The most tax efficient way of paying yourself through a profitable limited company is with a salary within the NICs threshold (£8,632 for 19/20 tax year), plus dividends. This ensures maximum money from the business, with the least amount of taxation. This is not always the case, for example when there is negative equity in the business, when the director has other employment or when there is more than one employee. As clients of ours, we will always advise you on the best way to pay yourselves.