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National Minimum Wage Rises, Optimum Director Salary 2021-22

National Minimum Wage from 1 April 2021

 

The NMW rose from 1st April 2021 to the amounts below

 

 

 

 

 

 

 

 

 

Official guidance from the government is here

 

TAX/NI Efficient Director Salaries

 From 6 April 2021 the optimum tax/NI efficient director salary is £736 per month (was £732) and weekly is £170 (was £169).

This depends on your personal tax situation so should always be checked with your accountant

If you’d like to know how we can help you with this, or with anything else, feel free to phone 01942 734455 or email me at pb@hca.org.uk

Paul has been engaged in the accounting profession since 1988 after leaving the University of Manchester with a BSc (Hons) in Computer Science & Accounting. He qualified with Price Waterhouse Coopers in 1991. After a successful period in industry and a spell working in a local firm of Chartered Accountants, Paul decided to go it alone and established Haywards in 1994. In his spare time, Paul enjoys going to the gym, running, learning guitar and tormenting his Jack Russell, Arnie, and his Jackapoo, Stig. Along with his daughter (his wife hates football!), Paul is also a keen, but distressed, Wigan Athletic fan.