Tax efficient salaries

Many of our clients with limited companies, take a salary equivalent to the tax-free allowance with the balance of their income drawn as dividends. If you are in that category, then the new salary level that you should be taking is £5,035 per annum or £419.58 per month (£96.83 per week)

If you have any questions on this, please ring your client manager.

Tribunal claims

UK employers are now spending £210m a year on employment tribunal claims, according to research from the think-tank that advises the government on discrimination in the workplace.

Around 30,000 legal actions - most claiming unfair dismissal, unequal pay or sex discrimination - are filed with the employment tribunal service each year. Although many of these claims are eventually settled out of court, they still cost companies £7,000 on average, mainly to cover lawyers' fees, the research shows.

For more information go to Business Builder on our website www.stephen-hill.co.uk for a free 30 day trial.

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Peter Drucker