Directors’ Payroll 2019/20
If you are a director of your own company and prepare your own wages please contact us to discuss the most efficient salary to declare from 06/04/19 to suit your own circumstances.
If we prepare your payroll, you will have recently had an email from us with details for 2019/20.
National Minimum Wage will increase as follows:
|based on 35 hour week|
|Age||hourly rate||amount per week||amount per year|
|21 – 24||£7.70||£269.50||£14,014.00|
|18 – 20||£6.15||£215.25||£11,193.00|
|16 – 18||£4.35||£152.25||£7,917.00|
Auto enrolment pension contributions from 06/04/19 will increase to:
5% for the employee
3% for the employer