Basic SMP query

Newbie
Newbie Registered Posts: 229 Dedicated contributor 🦉
in General accounting discussion
Hi its late in the day and my mind has gone blank, working out a directors smp on moneysoft, can a director still receive the regular £600 per month salary plus SSP or must it be £600 in total of which the majority is SSP etc, hope this makes sense.

Comments

  • Rozzi Rainbow
    Rozzi Rainbow Registered Posts: 465 Dedicated contributor 🦉
    SSP is still NI'able and taxable, and as far as I'm aware SMP is too (not sure which your query refers to). So I would say your director could only receive £624 per month in total without being liable to NI. As director's NI is recalculated on an annual basis in the final payrun, if you have only paid them £600 per month for the last eleven months, you may be able to pay a bit more this month (presuming you are currently running the March payrun).

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