Directors Minimum Wage 2024/25 . Getting this mix right can legally minimise your tax bill. The directors can only claim the allowance from one company if they are involved in more.
The personal allowance is the amount you are allowed to earn before you have to start paying income tax. In 2024/25 the allowance is £12,570, so you only pay tax on the part of your income which is above that threshold amount.
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