How do I pay myself if I’m a limited company director?
Being the director of a limited company comes with many rewards, one of which is being in charge of your salary. But how exactly do you pay yourself as a company director?
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Being the director of a limited company comes with many rewards, one of which is being in charge of your salary. But how exactly do you pay yourself as a company director?
When it comes to a limited company’s director there’s quite a bit you can change online: Name, service address (official address), residential address, occupation, even the nationality. The date of birth however, is not so simple to update. After all, whilst all of the above can change, someone’s date of birth can’t. But what if you entered the incorrect date of birth when appointing a director?
When forming a limited company it’s possible to have another company acting as any of the following: director, shareholder, person with significant control (PSC), and secretary.
As a limited company director, you are entitled to various benefits and perks. One of the most valuable perks is being in charge of your salary. This means you can set your salary within certain limits and take advantage of other benefits.