How To Pay Yourself As a LIMITED COMPANY – Directors Salary – DIVIDENDS vs SALARY UK 2024/2025

BEST WAY TO PAY YOURSELF As a LIMITED COMPANY 2024/2025 – 3 SCENARIOS – i) DIVIDENDS vs SALARY UK ii) Pension vs Dividend vs Salary iii) Salary ONLY. Learn the most TAX EFFICIENT Director’s Salary to pay yourself. Download FREE Spreadsheet used here: https://thehumblepenny.com/DVS. Order our bestselling book 📕 Financial Joy: https://geni.us/financialjoy. A 10-week plan to help you Banish Debt, Grow Your Money and Unlock Financial Freedom 🙌🏾

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MARY:

I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! 🙂

Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

When I’m not creating, I love vegan food, traveling, working out and doing some outdoor fun things with my husband and kids 🙂

KEN:

I’m a husband to Mary and daddy first and foremost.

Former CFO by day with over 12 years experience in the investment business. I’m a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I’m a blogger, youtuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant.

I have a passion for all things Personal Finance, Business and Personal Development. I also love Photography, Music, Travel, and Sport.

We became Financially Independent aged 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc.

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★★ TIME STAMPS ★★

0:00 – Intro
0:15 – Who Should Watch This Video
0:43 – My background
1:45 – 3 Scenarios For This Video (Very Important!)
3:04 – Agenda of 7 Things You MUST Look At First!
3:47 – CORPORATION TAX (what you need to know)
5:07 – ALLOWABLE EXPENSES (what you need to know)
5:49 – COMPANY PENSIONS (why this is important)
7:30 – INCOME TAX (key changes, rates & thresholds)
9:25 – NATIONAL INSURANCE (why you need to look at this first)
13:44 – DIVIDENDS (allowances, rates & thresholds)
16:49 – Our Sunday Times Bestselling Book
17:27 – SUGGESTED TAX EFFICIENT Director’s Salary for 2024/25
18:12 – Why I chose this Tax-Efficient Salary for 2024/25
22:42 – Scenario if you earn from JOB & BUSINESS
23:15- Scenario 1A: DIVIDENDS + SALARY (£12,570)
25:21 – Savings from £9100 salary vs £12,570 salary
25:46 – Scenario 1B: DIVIDENDS + SALARY (£9,100)
26:15 – Scenario 2: PENSIONS + SALARY
27:48 – Scenario 3: SALARY ONLY
28:55 – COMPARE: Scenario 1 vs Scenario 2 vs Scenario 3
29:43 – Final things to consider on this journey