Directors of Limited Companies will often want to use the optimum tax planning strategy of extracting money from their company through a combination of dividends and a low salary.

For 18/19, the optimum dividend v salary mix will depend on whether the company can use the £2k National Insurance Allowance, this allowance is not available to single director run companies.

For Directors who are not able to use the NI Allowance, the most tax efficient salary for 18/19 is £8,424 (this equates to £702.00 per month)

For Directors who are able to use the NI Allowance, the most tax efficient salary for 18/19 is £11,850 (the personal allowance)