As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company.
Dividends are payments made to the company’s shareholders when the business has made a profit. What’s not re-invested into the company can be paid out as dividend payments to your shareholders, of which you’re one. But what’s the most effective way to do this?
Dividends as a part of good wealth management
As a company director, the company’s finances aren’t your only concern – you also have to make sure you’re managing your own personal finances in the best way possible.
Good wealth management is essential as a director, and that means taking an informed, long-term look at the ways in which you’re paid, the financial vehicles you’re using and the tax planning you’re carrying out across the year.
To make your personal finances work effectively:
Planning your directors’ pay
Get in touch with us and we’ll work with you to maximise your earnings. This includes helping you forecast your earnings and profits, planning out your dividend payments from the company and setting up your finances so you’re being as tax efficient as possible.