How to Pay Yourself from a Limited Company UK | Best Way to Pay Yourself as a Director in 2024/2025

[@Dan-bd9ks]

Happy to see you back, man!

[@TheHolisticHustle]

Thanks Dan! Its been a busy year but it feels particularly good to be back on here 🙌

[@Dan-bd9ks]

Man, I just followed your step-by-step instructions to set up the Ltd two months ago, and I will register the trademark; please let me know if there are any changes in the process! Thank you so much 🤓🙌@@TheHolisticHustle

[@beardedoddity7217]

Excellent video buddy, i am just starting out on this path, lots of info and given across in an easy, digestible way. Thanks for taking the time to put this out there.

[@TheHolisticHustle]

Thanks 🙏 .. I remember finding everything quite overwhelming at the very start too but definitely don’t let that put you off and things get a lot easier with time and knowledge, good luck with business for now 🙌

[@HurlyBurlyStudios]

Really well explained. Subscribed.

[@alekseizaboronsky1349]

Fantastic video, super clearly explained and so helpful, thank you! Subscribed - looking forward to the video on tax deductible business expenses.

[@TheHolisticHustle]

Thanks for your comments Aleksei! I’m glad you found it helpful and I wish you the best with business for now 👌

[@MorganLambert-98]

Cracking vid mate, looking forward to the one about expenses! Hope it's coming soon!

[@Keep-Scrolling-lil-Bro]

Can you tell me about the situation where the Director isn't UK resident, what's the process like for them.

[@godfreyuzonwanne3110]

Very well outlined ... Great guy

[@TheHolisticHustle]

Thanks for your comments and best of luck with your business 🙌

[@rejointuk276]

Great informative video. One tiny suggestion might add topping on the ice-cream. Sound is a bit echoie.

[@TheHolisticHustle]

Thanks for your comments and thanks for the heads up, I’ll get that sorted in the next one. Until then, best of luck with your business 🙌

[@Tanya1308]

This was fantastic. Thank you for explaining it in human terms!

[@TheHolisticHustle]

Thanks for your comments Tanya! I’m glad you found it useful and simple to understand. These topics tend to be unnecessarily complicated. Good luck with your business!

[@vigneshn.y3048]

Thanks for the video. Whats the best way to pay 100K from a limited company.

[@123bekr123]

Thankyou x

[@TheHolisticHustle]

My pleasure and good luck with your business! 🙌

[@robbiekerry4500]

Very useful. However, does auto enrollment for pensions apply to directors like other employees?I am not impressed with the expensive auto enrollment options available, hence have limited salary to £750pm to avoid employers NI and to avoid auto enrollment (company pays into a SIPP instead).

[@benpeacock9531]

Hi mate, Quick question which I may off already answered I am going to be stepping into a part-time role alongside a new business. I have already earned over the personal allowance threshold, in which case as a director of the new business I am assuming the best tax efficient way would be to pay myself dividends? Thank you Ben

[@xChikyx]

If i create a company in Uk, but I live in Costa Rica, no employees, only me, do I still have to pay insurance? I dont care about that or pension because I don't live there... Also, I plan to create a company to be able to run kickstarters, which means I wont have a monthly income for the company. How do payments work that way? Can a company not pay the montly salary?

[@mikeemike4299]

At 7:29 you state the 15 years pro rata payment as £116.49 per week. Should this not be £87.36? (£203.85/35 x 15)

[@TheHolisticHustle]

Hi Mike, you’re absolutely spot on. Not quite sure what happened there but I’ll try to add something to the video as a correction, thanks!

[@CKINVESTOR]

If your company makes a lot of profit, would it be better to have a directors salary of 85k as you can reduce your corp tax bill, which would be taxed at 25%.

[@LifestyleWithSofiaB]

Thank you ❤

[@TheHolisticHustle]

My pleasure and glad I could help! 🙌

[@Jeffybonbon]

Good video thanks My Guess is the next video you do is about Dividend tax rates being the same as Income Tax rates with a Labour Govt its been too good for two long low salary high dividends I hope I am wrong if it happens its a 11% tax increase so even as a basic rate director your paying 40% tax as a higher rate tax payer it dosent bare thinking about and i bet there are pension changes on the way too

[@K9unitmanchester]

Good video

[@TheHolisticHustle]

Thanks for your commenting and I wish you the best with your business. Feel free to get in touch if you have any questions etc 👍

[@Jay_GT]

Hi, this is probably a stupid question (But rather stupid questions than stupid mistakes). Are the income tax numbers per month or per annum?

[@TheHolisticHustle]

Hey Jay, if only they were per month 🙏.. all the number are per year and I think I’ve broken it down into monthly figures in a couple of areas to put it into perspective but you’ll see those numbers as labelled ‘per month’. Hope that’s helped 🙌

[@drajithak]

Hi. I earn 55k before taxes and my wife earns approx 30k (she is less rhan full time 70%. Would it make sense to start a ltd company or own property btl in my wifes name?

[@vr5322]

I found your video to have great content! I'm starting as a freelancer with a £400 day rate. Could you please let me know if you have any videos or playlists that guide me through the process from setting up a limited company and bank account to PAYE setup? P.S. I want to do this on my own and learn instead of hiring a CA.

[@TheHolisticHustle]

Hey VR, I have a video on how to set up a limited company which you could use to register your company: kzbin.info/www/bejne/Z3zNh4RsZ7VlZ6c If you need any more help then feel free to get in touch with me for a 1-2-1 coaching session: bit.ly/3UbUSeN Hope that helps and good luck for now 🙌