What is the most tax efficient salary for a director?
Most Tax-Efficient Director Salary for 2024/25 As a company director, paying yourself a tax-efficient salary is crucial to maximising take-home pay while minimising tax liabilities. With the 2024/25 tax year in full swing, here’s how to structure your income for optimal tax efficiency. Key Considerations When deciding on a director’s salary, you must consider several […]
Personal Savings Allowance
Understanding the UK Personal Savings Allowance: A Guide for Savers When it comes to saving money in the UK, one of the key benefits available to individuals is the Personal Savings Allowance (PSA). Introduced in April 2016, the PSA allows taxpayers to earn interest on their savings without having to pay tax on it—up to […]