How do I pay myself through a Limited Company?

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As a limited company director, you can pay yourself through:

1. Taking a salary

As the director of a limited company, you're also considered an employee. As such, you can set up a salary which will then be paid through the PAYE scheme-similar to how other employees of a company will receive their pay.

You'll run a payroll, report to HMRC and receive your salary (after taxes have been deducted at source).

2. Dividends

A dividend is a payment of profit that a limited company distributes to its shareholders based on the share split.

While dividends can be drawn at any frequency across the year, as long as there are sufficient distributable profits, payments are typically made on a monthly or quarterly basis.

As a <a href="https://goforma.com/limited-company/what-is-a-limited-company" target="_blank">limited company</a> director, you can pay yourself through: <h2>1. Taking a salary </h2>As the director of a limited company, you're also considered an employee. As such, any salary you draw will be paid through the PAYE scheme-similar to how other employees of the company will receive their pay. You'll run a payroll, report to HMRC and receive your salary (after taxes have been deducted at source). <h2>2. Dividends </h2>A dividend is a payment of profit that a limited company distributes to its shareholders. While dividends can be drawn at any frequency across the year-as long as there are sufficient distributable profits-payments are typically made on a monthly or quarterly basis.