BEST WAY TO PAY YOURSELF As a LIMITED COMPANY 2024/2025 β 3 SCENARIOS β i) DIVIDENDS vs SALARY UK ii) Pension vs Dividend vs Salary iii) Salary ONLY. Learn the most TAX EFFICIENT Directorβs Salary to pay yourself. Download FREE Spreadsheet used here: https://thehumblepenny.com/DVS. Order our bestselling book π Financial Joy: https://geni.us/financialjoy. A 10-week plan to help you Banish Debt, Grow Your Money and Unlock Financial Freedom ππΎ
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β β ABOUT US β β
MARY:
Iβm married to Ken and we have two boys aged 6 and 4. Iβm a Londoner, born in Hackney! π
Day to day, I run the operations of The Humble Penny as a creative β doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.
When Iβm not creating, I love vegan food, traveling, working out and doing some outdoor fun things with my husband and kids π
KEN:
Iβm a husband to Mary and daddy first and foremost.
Former CFO by day with over 12 years experience in the investment business. Iβm a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, Iβm 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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β β TIME STAMPS β β
0:00 β Intro
0:15 β Who Should Watch This Video
0:43 β My background
1:45 β 3 Scenarios For This Video (Very Important!)
3:04 β Agenda of 7 Things You MUST Look At First!
3:47 β CORPORATION TAX (what you need to know)
5:07 β ALLOWABLE EXPENSES (what you need to know)
5:49 β COMPANY PENSIONS (why this is important)
7:30 β INCOME TAX (key changes, rates & thresholds)
9:25 β NATIONAL INSURANCE (why you need to look at this first)
13:44 β DIVIDENDS (allowances, rates & thresholds)
16:49 β Our Sunday Times Bestselling Book
17:27 β SUGGESTED TAX EFFICIENT Directorβs Salary for 2024/25
18:12 β Why I chose this Tax-Efficient Salary for 2024/25
22:42 β Scenario if you earn from JOB & BUSINESS
23:15- Scenario 1A: DIVIDENDS + SALARY (Β£12,570)
25:21 β Savings from Β£9100 salary vs Β£12,570 salary
25:46 β Scenario 1B: DIVIDENDS + SALARY (Β£9,100)
26:15 β Scenario 2: PENSIONS + SALARY
27:48 β Scenario 3: SALARY ONLY
28:55 β COMPARE: Scenario 1 vs Scenario 2 vs Scenario 3
29:43 β Final things to consider on this journey
Best, Ken and Mary
#dividends #dividendvssalary #limitedcompany
β β WHAT THIS VIDEO IS ABOUTβ β
How To Pay Yourself As a LIMITED COMPANY β Directors Salary β DIVIDENDS vs SALARY UK 2024/2025