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Kirk Rice Blog

Drawing Profits From A Company – What You Need To KnowWritten on October 3, 2019 by Kirk Rice LLP

Salary and Bonuses Directors of owner-managed companies often draw low levels of salary, typically between £7,500 and £9,500 per annum. The reason for this is because a salary attracts a National Insurance levy. The National Insurance rate for employees is 12% between £8,632 and £50,024 and 2% above this figure. The Employers’ National Insurance rate […]

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