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Minimum Salary as a Director of own Limited company

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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adityaisukapalli
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Posts: 205
Joined: Thu May 06, 2010 10:14 am

Minimum Salary as a Director of own Limited company

Post by adityaisukapalli » Thu May 06, 2010 10:18 am

Hello,

I am working as a contractor and next year before August i need to apply for Tier-1 general from Tier-1 PSW.

As a Limited company director, i am taking my income as Salary+Dividends.

I am taking only £6475 (tax free) as salary and remaining as dividend subject to tax.

Will that be a problem because i am taking only £6475 as salary ?


Thanks all..
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HSK Accountancy Services
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Posts: 108
Joined: Sun Oct 18, 2009 3:49 pm
Location: Manchester

Re: Minimum Salary as a Director of own Limited company

Post by HSK Accountancy Services » Thu May 06, 2010 10:06 pm

adityaisukapalli wrote:Hello,

I am working as a contractor and next year before August i need to apply for Tier-1 general from Tier-1 PSW.

As a Limited company director, i am taking my income as Salary+Dividends.

I am taking only £6475 (tax free) as salary and remaining as dividend subject to tax.

Will that be a problem because i am taking only £6475 as salary ?


Thanks all..
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