From a financial point of view one of the most important considerations you have to make is how much money you should draw from the company by way of salary and how much you should draw by way of dividend.
In general you will be better off paying dividends as apposed to salary since there is no national insurance charge on dividends.

So, how do you decide on the level of salary to be drawn from the company?

First of all you should be aware the there is no prescribed rule or formula to assist in setting salary levels – it is the individual directors responsibility to decide on what level of salary to draw from the company however the following notes should assist you in this decision making.