This is a question asked by an anonymous member at our most recent event in London.

In the UK, startup founders can set their own salaries, but there are several considerations to keep in mind:

• Reasonableness: Salaries should be reasonable and justifiable based on the company's financial status and industry standards.
• Company's Financial Health: Ensure the salary does not jeopardise the company's cash flow and growth potential.
• Investor Agreements: Adhere to any salary restrictions or guidelines set by investors or funding agreements.
• Minimum Wage Compliance: At least meet the national minimum wage requirements.
• Tax Implications: Be mindful of personal and corporate tax obligations.

Of course, check with your company accountant - but as a rule, these are the guidelines. I'm not an accountant, but have experience in the industry - please seek your accountant's guidance.