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In our look at how to legally avoid UK taxes, we explain that directors of family companies can extract profits using a small salary. A popular profit extraction strategy for family companies is to pay a small salary and to extract further profits as dividends. Dividend income is taxed at lower tax rates than a salary, so that such as strategy legally avoids higher tax rates. Read more here https://truemanbrown.co.uk/local-acco... KEEP IN TOUCH: 🌍 My website - https://www.truemanbrown.co.uk 📸 Instagram - / truemanbrown1 🔵 Facebook - / truemanbrown DISCLAIMERS & DISCLOSURES This content is for education and entertainment purposes only. We do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.