Course Details

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 course, we 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 course, Carl covers:

  • 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

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CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.