The most tax-efficient way to take money from a limited company

If you own or are thinking about setting up a limited company, you will want to pay yourself in the most-tax efficient method possible. In this video, we explain how to establish the best income structure for your limited company. The different options available to you, and the various taxes that you will need to pay. We recommend that you should consult an experienced accountant for professional advice tailored to your individual needs. Links: Current and previous Income Tax rates and Personal Allowances: https://www.1stformations.co.uk/blog/most-tax-efficient-way-to-pay-myself-from-my-limited-company/ Current and previous NIC rates and thresholds: https://www.gov.uk/government/publications/rates-and-allowances-national-insurance-contributions Information about tax on dividends: https://www.gov.uk/tax-on-dividends Guidance on expenses and benefits for employers: https://www.gov.uk/employer-reporting-expenses-benefits A to Z of expenses and benefits: https://www.gov.uk/expenses-and-benefits-a-to-z Chapters: 0:00 Intro 1:20 How to pay yourself through a UK limited company 1:55 Tax payable on a director’s salary 5:08 Tax payable on dividends 7:26 Tax payable on directors’ loans 9:29 Tax payable on expenses and benefits 10:47 The most tax-efficient way to take money from a company Website: https://www.1stformations.co.uk/ Blog: https://www.1stformations.co.uk/blog/ Facebook: https://www.facebook.com/1stformations/ Instagram: https://www.instagram.com/1stformationsofficial/ LinkedIn: https://uk.linkedin.com/company/1st-formations X - Twitter: https://twitter.com/1stformations #1stFormations #SmallBusiness #SmallBusinesses #BusinessAdvice #dormantcompany #companyformation #paye #limitedcompany #uklimitedcompany #directorssalary #dividends #directorsloan #allowableexpenses