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BEST WAY TO PAY YOURSELF As a LIMITED COMPANY 2024/2025 - 3 SCENARIOS - i) DIVIDENDS vs SALARY UK ii) Pension vs Dividend vs Salary iii) Salary ONLY. Learn the most TAX EFFICIENT Director's Salary to pay yourself. Download FREE Spreadsheet used here: https://thehumblepenny.com/DVS. Order our bestselling book 📕 Financial Joy: https://geni.us/financialjoy. A 10-week plan to help you Banish Debt, Grow Your Money and Unlock Financial Freedom 🙌🏾 ------------------------------------------------------------------------------------ ★★ POPULAR VIDEOS ★★ SIDE HUSTLES UK: The COMPLETE Guide To TAX 2024 | Sole Trader vs Limited Company - • SIDE HUSTLES UK: The COMPLETE Guide T... 10 Things You MUST DO BEFORE Starting Your Business (UK) 2024 - • 10 Things You MUST DO BEFORE Starting... 10 TAX and LEGAL Things To Do BEFORE Starting a Business UK 2024 - • 10 TAX and LEGAL Things To Do BEFORE ... 5 Work-From-Home SIDE HUSTLE IDEAS That Make Money £500 p/m [UK 2023 EDITION] - • 5 Work-From-Home SIDE HUSTLE IDEAS Th... 9 Reasons Some People ALWAYS MAKE MONEY ONLINE (and others don't) - • 9 Reasons Some People ALWAYS MAKE MON... 9 BEST Passive Income Ideas for £1000 per month (In 2020) - • 9 BEST Passive Income Ideas UK (for £... 5 Breakthrough Passive Income Ideas - • 5 BREAKTHROUGH Passive Income Ideas (... 7 Things No One Tells You About Passive Income - • 7 THINGS NO ONE TELLS YOU ABOUT PASSI... 21 Passive Income Ideas For A Freedom Lifestyle - • 21 BEST Passive Income Ideas For A Fr... 14 HIGH PAYING SIDE HUSTLES For 2020 To Start Today With Little Money - • 14 HIGH PAYING SIDE HUSTLE IDEAS for ... How To Invest £1000 (9 Best Ways to Invest) - • HOW TO INVEST £1000 | 9 BEST Ways To ... ★★ EQUIPMENT USED ★★ Canon EOS M50 Camera - https://amzn.to/2zcz1K0 Canon 5D Mark II Camera - https://amzn.to/2xRF1XD Canon EF 24 - 70mm F2.8L Lens - https://amzn.to/2lFwdRQ Canon EF 50mm F1.4L Lens - https://amzn.to/2lF6Sr9 Manfrotto Tripod - https://amzn.to/2YC3Sto Apple iMac 2019 - https://amzn.to/2lEXNyz Rode Microphone - https://amzn.to/2lFs0O2 ★★ ABOUT US ★★ MARY: I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :) Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni. When I'm not creating, I love vegan food, traveling, working out and doing some outdoor fun things with my husband and kids :) KEN: I'm a husband to Mary and daddy first and foremost. Former CFO by day with over 12 years experience in the investment business. I'm a Chartered Accountant and hold an MBA from Cambridge University. To explore my creativity, I'm a blogger, youtuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant. I have a passion for all things Personal Finance, Business and Personal Development. I also love Photography, Music, Travel, and Sport. We became Financially Independent aged 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc. ★★ WANNA CONNECT? ★★ Blog - https://thehumblepenny.com Insta - / thehumblepenny Pinterest- https://www.pinterest.co.uk/thehumble... Twitter - / thehumblepenny Facebook - / thehumblepenny ★★ BUILD WEALTH ★★ Visit our online school at Financial Joy Academy for all our wealth building Action Plans: https://www.financialjoyacademy.com/ Massive thanks for watching and following our channel :) ♥ ★★ TIME STAMPS ★★ 0:00 - Intro 0:15 - Who Should Watch This Video 0:43 - My background 1:45 - 3 Scenarios For This Video (Very Important!) 3:04 - Agenda of 7 Things You MUST Look At First! 3:47 - CORPORATION TAX (what you need to know) 5:07 - ALLOWABLE EXPENSES (what you need to know) 5:49 - COMPANY PENSIONS (why this is important) 7:30 - INCOME TAX (key changes, rates & thresholds) 9:25 - NATIONAL INSURANCE (why you need to look at this first) 13:44 - DIVIDENDS (allowances, rates & thresholds) 16:49 - Our Sunday Times Bestselling Book 17:27 - SUGGESTED TAX EFFICIENT Director's Salary for 2024/25 18:12 - Why I chose this Tax-Efficient Salary for 2024/25 22:42 - Scenario if you earn from JOB & BUSINESS 23:15- Scenario 1A: DIVIDENDS + SALARY (£12,570) 25:21 - Savings from £9100 salary vs £12,570 salary 25:46 - Scenario 1B: DIVIDENDS + SALARY (£9,100) 26:15 - Scenario 2: PENSIONS + SALARY 27:48 - Scenario 3: SALARY ONLY 28:55 - COMPARE: Scenario 1 vs Scenario 2 vs Scenario 3 29:43 - Final things to consider on this journey Best, Ken and Mary #dividends #dividendvssalary #limitedcompany ★★ WHAT THIS VIDEO IS ABOUT★★ How To Pay Yourself As a LIMITED COMPANY - Directors Salary - DIVIDENDS vs SALARY UK 2024/2025