HOW MUCH SHOULD I PAY MYSELF AS A DIRECTOR? DIRECTORS SALARY IN 2023 EXPLAINED!

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00:00 Introduction
00:44 Changes
01:22 The best way to pay yourself?
02:21 The optimal amount
04:10 Overview
04:37 Outro

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[michaelgilday]

I have retired and receive a full state pension. I need though to generate the equivalent again to live more comfortably as I have no additional pension income. So, I was wondering how to tackle this as I have just set up a LTD company and believe that I can work around much of this with the 8.5% tax rule on dividends which can then apply to my whole income?

[andypuddle]

I have set my director’s salary to 12570 in QB Standard payroll but on my monthly payslip NI deduction is 0.00. Why should that be?