YOUTUBE How To Pay Yourself As a LIMITED COMPANY – Directors Salary – DIVIDENDS vs SALARY UK 2023/2024 AdminJuly 24, 2023062 views BEST WAY TO PAY YOURSELF As a LIMITED COMPANY 2023/2024 – 3 SCENARIOS – i) DIVIDENDS vs SALARY UK ii) Pension vs Dividend vs Salary iii) Salary ONLY. Learn the most TAX EFFICIENT Director’s Salary to pay yourself. Download FREE Spreadsheet used here: https://thehumblepenny.com/DVS ★★ POPULAR VIDEOS ★★ SIDE HUSTLES UK: The COMPLETE Guide To TAX 2023 | Sole Trader vs Limited Company – https://youtu.be/pNxiSzgLHCQ 10 Things You MUST DO BEFORE Starting Your Business (UK) 2023 – https://youtu.be/2WUpb2WD_4c 10 TAX and LEGAL Things To Do BEFORE Starting a Business UK 2023 – https://youtu.be/dKBC-jXDnD8 5 Work-From-Home SIDE HUSTLE IDEAS That Make Money £500 p/m [UK 2023 EDITION] – https://youtu.be/rTdLWdPS3LM 9 Reasons Some People ALWAYS MAKE MONEY ONLINE (and others don’t) – https://youtu.be/X_FA1nU3dmM 9 BEST Passive Income Ideas for £1000 per month (In 2020) – https://youtu.be/qwn_Gc46ahE 5 Breakthrough Passive Income Ideas – https://youtu.be/FJUKYuo6Oyw 7 Things No One Tells You About Passive Income – https://youtu.be/6Mw0yncGj5Y 21 Passive Income Ideas For A Freedom Lifestyle – https://youtu.be/TIOBlUDtHsc 14 HIGH PAYING SIDE HUSTLES For 2020 To Start Today With Little Money – https://youtu.be/brAvEZCl0ys How To Invest £1000 (9 Best Ways to Invest) – https://www.youtube.com/watch?v=0jRQk8Xkvxg ★★ EQUIPMENT USED ★★ Canon EOS M50 Camera – https://amzn.to/2zcz1K0 Canon 5D Mark II Camera – https://amzn.to/2xRF1XD Canon EF 24 – 70mm F2.8L Lens – https://amzn.to/2lFwdRQ Canon EF 50mm F1.4L Lens – https://amzn.to/2lF6Sr9 Manfrotto Tripod – https://amzn.to/2YC3Sto Apple iMac 2019 – https://amzn.to/2lEXNyz Rode Microphone – https://amzn.to/2lFs0O2 ★★ ABOUT US ★★ MARY: I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! :) Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni. When I’m not creating, I love vegan food, traveling, working out and doing some outdoor fun things with my husband and kids :) KEN: I’m a husband to Mary and daddy first and foremost. Former CFO by day with over 12 years experience in the investment business. I’m a Chartered Accountant and hold an MBA from Cambridge University. To explore my creativity, I’m a blogger, youtuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant. I have a passion for all things Personal Finance, Business and Personal Development. I also love Photography, Music, Travel, and Sport. We became Financially Independent aged 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc. ★★ WANNA CONNECT? ★★ Blog – https://thehumblepenny.com Insta – https://www.instagram.com/thehumblepenny Pinterest- https://www.pinterest.co.uk/thehumblepenny Twitter – https://twitter.com/thehumblepenny Facebook – https://www.facebook.com/thehumblepenny/ ★★ BUILD WEALTH ★★ Visit our online school at Financial Joy Academy for all our wealth building Action Plans: Financial Joy Academy Massive thanks for watching and following our channel :) ♥ ★★ TIME STAMPS ★★ 0:00 – Intro 0:33 – 3 Scenarios For This Video (Very Important!) 2:00 – Who Should Watch This Video 2:51 – Agenda of 7 Things You MUST Look At First! 3:30 – CORPORATION TAX (what you need to know) 4:35 – ALLOWABLE EXPENSES (what you need to know) 5:05 – COMPANY PENSIONS (why this is important) 6:06 – INCOME TAX (key changes, rates & thresholds) 7:25 – NATIONAL INSURANCE (why you need to look at this first) 9:35 – DIVIDENDS (allowances, rates & thresholds) 11:31 – SUGGESTED TAX EFFICIENT Director’s Salary for 2023/24 13:12 – Why I chose this Tax Efficient Salary for 2023/24 18:18 – Scenario 1A: DIVIDENDS + SALARY (£9,100) 20:37- Scenario 1B: DIVIDENDS + SALARY (£12,570) 21:41 – Savings from £9100 salary vs £12,570 salary 22:26 – Scenario 2: PENSIONS + SALARY 23:35 – Scenario 3: SALARY ONLY 24:20 – COMPARE: Scenario 1 vs Scenario 2 vs Scenario 3 25:43 – Final things to consider on this journey Best, Ken and Mary #dividends #dividendvssalary #limitedcompany ★★ WHAT THIS VIDEO IS ABOUT★★ How To Pay Yourself As a LIMITED COMPANY – Directors Salary – DIVIDENDS vs SALARY UK 2023/2024 source