Small Business Accounting

What is the optimal salary for a Company Director?

By

Chris Andreou

Contents

The optimum salary for a contractor to pay themselves in the current tax year is dependent on their overall income throughout the period.

In the instance there is no other income to be considered, it is generally recommended that salary is paid in line with the Secondary National Insurance threshold which is currently £758 per month (22/23).

<p>The optimum salary for a contractor to pay themselves in the current tax year is dependent on their overall income throughout the period.</p><p>In the instance there is no other income to be considered, it is generally recommended that salary is paid in line with the Secondary National Insurance threshold which is currently <strong>£732 per month</strong> (20/21).</p>

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