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It’s one of the tax planning world’s hardy perennials, a question that practitioners are asked every year: what is the most tax efficient way for a small company director to pay themselves? Every time the Government moves the goalposts, we need to look at the issue again, because, for some directors, the answer changes. And, boy, have those goalposts been moving lately: the last few years have seen numerous changes to all the key taxes affecting this issue: Corporation Tax, National Insurance, and Income Tax. In this session, we’ll look at what these changes mean for small company directors desperately trying to hang on to as much of their hard-earned profits as they can.

In this session, Carl will cover: 

• All the recent changes that impact tax efficient profit extraction in 2026/27 and beyond
• Salary versus Dividends: how have the changes tipped the balance, when are larger salaries more tax efficient?
• Other alternatives to salary or dividends: rent, interest, and pension contributions
• Non-tax issues that should be borne in mind, including state pension entitlement and changes to accounting standards

By attending this session, delegates will be able to advise small company directors on their most tax-efficient profit extraction strategy for 2026/27 and provide some valuable insight into the future position.

The session will be of benefit to general practitioners, tax advisers, accountants working in small companies, and accountancy students.

Course Level: Intermediate