Tax optimal salary for 2022/23
UNDER REVIEW FOLLOWING THE CHANCELLORS SPRING STATEMENT When you are trading through your own limited company, you can optimise how you pay yourself via salary and dividends to be tax efficient. This is normally achieved by paying a small salary to secure pension entitlement, and taking the remainder via dividends. Preserving pension entitlement One of the main advantages of paying a small salary is to ensure that the year remains a qualifying year for state pension and cont