Minimum salary to pay director | AccountingWEB

Minimum salary to pay director

I have recently incorporated to work on a contract for a bank. Most contractors pay themselves a minimum salary to avoid PAYE and NI. Most have been doing this for years. If this is acceptable, obviously I would like to pay myself that amount. My concern is that as an accountant, if I'm not acting legally, my reputation with HMRC would be damaged if they were to 'catch' me.

Does anybody have any links to guidance, or know the answer?


There are 4 comments. Login or register to view them.

look it up

memyself-eye |
memyself-eye's picture

This should help

Burbage Accounting |


Euan MacLennan |
Euan MacLennan's picture

Company to save tax

law man |