Comment on Why StartUp Britain is nothing more than a government backed link farmparentComments−ig115yDon't take most of the money out of your company as a salary, rather pay yourself a minimum level wage and take the rest out as dividends, that way you don't have to pay NI on it.−glenjamin15yExcept dividends are double taxed - first on company profit, and then again as earnings.−ig115ySpeak to your accountant, you can get a 10% personal tax credit on dividend payments, so it's more efficient than taking the money out as salary.
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Don't take most of the money out of your company as a salary, rather pay yourself a minimum level wage and take the rest out as dividends, that way you don't have to pay NI on it.
Except dividends are double taxed - first on company profit, and then again as earnings.
Speak to your accountant, you can get a 10% personal tax credit on dividend payments, so it's more efficient than taking the money out as salary.