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Directors ultimate salary 2023

As a the sole director of a Limited company, the best amount to pay yourself as a salary for the tax year 2022/23 is £9,100 per annum (£758.33 a month).

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  • As a sole director you cannot claim the Employment Allowance, so this figure is at the secondary threshold, meaning your company won’t need to pay employer’s NI on it.

 

  • This amount is under the primary threshold, so you won’t need to pay employee’s NI.

 

  • Ensures your payment is above the Lower Earnings Limit, so you will still earn your NI credits.

 

  • Keeping you under the annual tax-free Personal Allowance threshold of £12,570.

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