Salary, dividends, pension contributions and other payments can all form part of the picture.

The right mix depends on your circumstances, what the business can afford and what you are trying to achieve personally.

We’ll look at those things together and help you understand the options.

It is not just about this month’s payslip

For many directors, the way they take money from the business can stay the same for years without being reviewed.

Sometimes that still works perfectly well.

Sometimes the business has changed, profits have increased or personal circumstances have moved on.

We can look at the current position and make sure the approach still makes sense.

That may include:

Salary

Dividends

Pension contributions

Benefits

Personal tax allowances

Company profit levels

Cash available in the business

Other personal income

The aim is to understand the full picture rather than looking at each part in isolation.

We’ll think about the company and the director

What is tax-efficient for the company is not always the whole answer.

You also need to think about what you need personally, what cash the business needs to retain and whether there are plans coming up that could affect either side.

For example, you may want to increase what you take from the business, build your pension, prepare for a mortgage application or simply leave more cash in the company for growth.

Those things all matter when we are looking at remuneration.

Timing can matter

There are times when it is useful to have the conversation before money is taken from the company.

You may be considering a larger dividend, a pension contribution or another payment.

We can look at the likely tax impact and help you understand the options before anything is finalised.

That gives you the chance to make the decision with the wider picture in mind.

Book a 15-minute chat

More than one director?

This can become even more important when there are several directors or shareholders involved.

Different people may have different personal circumstances, income levels or plans.

We can help look at those positions individually while also considering what works for the business overall.

The aim is not to make everyone’s position identical.

It is to make sure each person understands what applies to them.

Has the business changed?

If profits have increased, you are taking more from the company or your personal circumstances are different from last year, it is worth reviewing the position.

A structure that made sense when the business was smaller may not always remain the best fit.

We can look at what has changed and whether anything is worth adjusting.

Corporate Tax Planning Self Assessment & Personal Tax Finance Director Support

Want to review how you take money from the business?

We can sit down with you, look at both the company and personal position and talk through the options available.

You do not need to know what the answer should be before the conversation.

The starting point is simply understanding what you are doing now and whether it still suits you.

Ask us to review your current setup

Director’s Tax & Remuneration Planning