Stewart Associates (Shrewsbury) Ltd
Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

Telephone: 01743 235236   Email: enquiry@saltd.co.uk

Click here to subscribe to our newsletter

4 April 2018

Director salary levels 2017/18

Attached is our spreadsheet tool to help you decide the appropriate salary level for 2017/18. Some variables:-

  • The Employment Allowance [EA] which enables a company to not incur Employers NI up to £3,000 only applies where more than one person is a paid a salary. Hence sole director companies will not be entitled.

  • If a company has employees incurring more than £3,000 in employers NI the EA will not be available against the Directors Salary therefore no benefit paying at the higher level.

  • If you have other income from pension, rents etc,, then it is more efficient to draw salary at the NI level rather than the Tax allowance level.

  • As these issues are not easily explained we have endeavoured to make the spreadsheet interactive so you can find the appropriate salary level for yourself.

We hope this is clear but please address questions to your usual contact within our office.

 

Contact Us

    01743 235236




    News Items

      2/3/2021

      Construction Industry VAT Reverse Charge

      If this applies a contractor will need to notify its subcontractors. This flowchart will help you...  Read more >>


      14/12/2020

      December Furlough claim

      Please note: This is for Employers(including Directors of one/two person companies) The Coronavi...  Read more >>


      26/11/2020

      COVID Grants and the Self-employed Scheme (SEISS)

      SEISS: Self-employed Income Support Scheme (not appropriate for people working through limited compa...  Read more >>


      16/11/2020

      Local COVD Grants

      We noticed Shropshire Council published details on Friday evening of where to apply for local COVID ...  Read more >>


      16/8/2020

      2nd Self-employment claims AND August Furlough Claims circular email 16th August 2020

      Self-employment claims (does NOT include Directors of one/two person companies) The second claim ...  Read more >>


      All News Items

      © 2021 Stewart Associates (Shrewsbury) Ltd. All rights reserved.       Terms & Conditions | Privacy Policy | Site Map   Website created by Datacraft