Payroll & Auto-Enrolment
Director payroll and dividends set up tax-efficiently
As a director, how you take money from your company affects your tax bill. The right balance of salary and dividends can save you a real amount. We match you with a local firm that gets the mix right for your business.
What's involved
What director payroll & dividends covers.
- Setting a director salary that uses your allowances without overpaying tax
- Processing director payroll and the RTI submissions that go with it
- Planning dividend payments that sit within available profits
- Preparing proper dividend vouchers and board minutes
- Factoring in dividend tax rates and your personal allowance
- Keeping salary and dividends in line with your wider company position
Why it matters
Take too much as salary and you pay needless National Insurance. Take dividends without enough retained profit and you create problems with HMRC. The right local firm structures your pay so it is tax-efficient and properly documented.
FAQ
Good to know.
Tap any question to read the answer. Still wondering something? Send us a message and we will reply within one working day.
Usually a mix of both works best, with a modest salary plus dividends. The right split depends on your profits and personal income, which a local firm can work out for you.
No, dividends are paid from profits and recorded separately, while your salary goes through payroll with RTI submissions. A firm keeps both correctly documented.
One small step
Get matched with a firm that handles this.
Take the free, no-obligation review. Tell us what you need and we'll introduce you to a local firm that does it well.
