DIRECTORS PAYROLL

A simple, straight forward service for Directors – minimal input from you and we ensure you remain fully compliant.

Are Directors Employees?

Whilst Directors of a Limited Company are also shareholders, they are an employee of the company rather than being considered ‘Self-Employed’, and can be paid via PAYE. Depending upon their circumstances, many Directors choose to receive salary up to either their non-taxable allowance, or the point at which Class 1 National Insurance would be deducted, and take the rest of their income as dividends.

Do Directors need a Pension?

A Limited Company with only one Director is usually exempt from Automatic Enrolment obligations, however we will help you determine whether you have Automatic Enrolment duties, and support you in ensuring you are compliant. If the Company appoints other Directors this may alter your Automatic Enrolment obligations, and any employees recruited who are not Directors will certainly alter your obligations. We can advise and support you through this process, from helping you to choose a pension provider and setting up the pension scheme, to ensuring your employees are provided with compliant and informative communication and administering the scheme each pay period.

Directors National Insurance

There are differences with the way a Director’s National Insurance is calculated, and the best method can be chosen based on whether the Director will be paid regularly or intermittently.

Directors can choose to be paid either monthly, quarterly or annually and submissions made to HMRC need to reflect this.

Need help with setting up your Director only payroll scheme?

Don’t panic! Help is at hand. Doing this for the first time can be enormously stressful, and add a huge amount of work to your plate. But for us, well… this is what we do every day! So don’t panic, just pick up the phone and call us on 01268 833 070 or click here to get your instant quote!

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