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Crunch clients can enjoy a complete, Real Time Information (RTI) compliant payroll service delivered by our payroll team and supported by our expert, chartered certified accountants.
Whether you’re a director looking to pay yourself a salary above the National Insurance (NI) Primary threshold, or a small business owner with up to 10 employees, Crunch can help. You can speak to your client managers about this additional service, or you can contact our expert advisor Charlie Arnell on 0333 311 0776 to discuss how we can support your every need as your business grows.
If you’re a company director looking to pay yourself a salary above the National Insurance primary threshold, or you have employees, you need to think about payroll.
Learn the basic legal requirements and best practice when taking on an employee for your business, and get tips on how to find the best candidates in our handy Knowledge article and checklist
If you’re looking to pay a salary higher than the National Insurance primary threshold, you’ll need to pay employee’s National Insurance Contributions (NICs) and your company will need to pay employer’s NICs. There may be valid reasons for paying a higher salary, such as to qualify for increased benefits (i.e. higher maternity pay). In addition:
- You may want to run a payroll if you are working as an IR35 contractor through your limited company
- If your company has two or more directors and you all take a salary over the NI primary threshold, or if you have other employees, you may be eligible for the Employment Allowance (The Employment Allowance gives a company up to £3,000 relief towards their Employer NIC bill for the 2019/20 tax year). There are rules which must be followed, particularly if you work in the public sector or are a freelancer or a contractor, please contact us to see if you’re eligible to apply
- You may wish to pay yourself a higher salary to help with a mortgage application (though this is not always necessary)
- Alternatively, you might just want to take a little more home each month. You can find out why we usually recommend a salary set at the National Insurance primary threshold in our article “How much should I take as a salary from my limited company?”.
If you’re taking our Crunch payroll service, we can also set up an auto-enrolment pension scheme for you and your employees (for an additional cost). Thanks to our relationship with NEST, we can set up pension auto-enrolment on your behalf and make the monthly deductions for you and your employees.