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by yzydserd 697 days ago
> 21 annual leave days per year.

What do you mean you only get 21 days leave per year? The statutory entitlement you must be offered is 28 days, see https://www.gov.uk/holiday-entitlement-rights

Maybe you’re not including the bank holidays, which an employer can include in the 28 days but this must be clear in your contract.

> will be pushing over the £100k mark which here in the UK is a trap which means you pay 62% tax rate on every £ over 100k until £125k where it drops back to 47% for every £ over. - I am contributing heavily to pension, but maxed out employer contributions.

Your small employer should let YOU contribute more pre-PAYE without any matching. That’s because the employer saves money too as they don’t pay Employer NI tax on the PAYE salary you avoid. If not, you can contribute personally post-PAYE and claw back income tax.

And you probably already know since you contribute “heavily”, but tax bands like 100k are POST pension contribution: if you take in £110k you can put £10k in pension and stay under the limit. You can contribute up to £60k pa and reduce the amount of higher rate (40%) tax you pay, too.

I’d never take equity personally.

20-50 employees making £3-5M ARR does not sound very lucrative to me, either. A nice family business, but not any signal of a business hitting paydirt.