Aibu to ask around how much the director of a company earns?

[WillyNilly00]

So I've been seeing a guy and it's starting to get serious, it all seems amazing. He's very successful in his work and my mum recently asked me about how much he was paid, she's not money obsessed but just curious. So it has dawned on me that I have literally no idea and I wouldn't be able to guess. Everyone close to me works in trades or retail, more like manual labour roles, including myself.

I had a quick google but the results are varied so I'll give a little background:
It's a smallish IT security company that has contracts with other large companies.
He has only been a director for a year but previously only the owner was above him, he works closely with the owner.
He's completely involved with the finances of the company as well as the practical stuff.
He's on call all the time and sometimes but rarely has to drop everything and go there to assist (this has happened once in almost a year).
He seems to have endless disposable income but is not flash so its difficult to tell, he certainly doesn't budget every penny like myself.

I know this is a very crude question but I honestly don't have a clue!

[Northernsoullover]

I'm a company director and I earn very little. It all depends on how much money it makes and whether they take dividends rather than salary.

[Clutterbugsmum]

Well the only sensible answer is how longs a bit of string. There are so so many variables to be able to give an answer.

Although to be honest I would tell my mum it's none of her business, what I earn let alone how much a 'new' boyfriend earns.

[Trafalger]

Could be 50k or it could be a million! I dont know why you or your mum needs to know. I'm sure if it gets more serious you can have those kind of conversations.


I'm the director of a company and I earnt a whole £175 in total from it last year! My 1 share is worth £1. This is a company purely that holds an asset so it is not a fair comparison, but wanted to show you that being a director doesn't always mean a lot of money!
.

[Singlebutmarried]

Is he a director with shares or a director in name?

It varies. Some directors take the bare minimum leaving the cash in the company. Others take as much as possible.

[Tetran]

IT security is quite lucrative, I would guess he is on a comfortable salary, but I would tell my mum its none of her business really.

[Thebig3]

My husband is a company director and earns a 6 figure salary. However I know other people who are directors who earn significantly less. My husband works for a large organisation, which think makes a difference.

[Tfoot75]

Any from nothing to millions could be earned by a company director. But if you search the company accounts on companies House online, if they are big enough they will have to disclose how much they pay their directors. May only file abbreviated accounts though which wouldn't cover that but it's worth a Google!

[londonrach]

Depends anything from nothing (if setting it up) to min (as reinvesting) to alot. How long is a piece of string question

[Crimson72]

I’m the director or a company and earn around £28k per year. Directors can earn anything, from £5/£10k to millions!

[Tfoot75]

By the way being a director is completely different to being a shareholder, you can find out on companies House if he also has shares, but directors can't earn dividends if they aren't also shareholders, and shareholders are not employed so don't earn a salary.

[Notthisnotthat]

My friend is the director of her family's company and takes home about £30,000. Her brother gets the same and Dad a bit more.

[Elbeagle]

Anything from absolutely zero to millions.
But it’s not your mum’s business.

[ajandjjmum]

Or if you're a director of an online betting company, £200+ million! (Although I assume most of it was in dividends).

[Insideimsprinting]

I'm also a company director, for many years toook less than minimum wage. Last year or two take the minimum wage and have started drawing dividends as we needed to keep capital in the business for various reasons.
It depends on the size of the company if its a medium to large income could be good if its small it might not be as high as you think depending on what profits the company turns, staff and other overheads etc. Its just a title at the end of the day, we are a small garage and petrol station so our income is never going to be on par with for example a larger company dealing in concrete etc who have larger profit margins, bigger turnover etc. Its all relative to the business rather than just being a company director.

[JoJoSM2]

That’s so nosey! Nobody in my family ever asked how much DH earned. It something he shared with me when our relationship got serious.

[BikeRunSki]

The value of the dividends directors get depends on the profit the company makes.

DH is a company director, having bought out a retiring partner a few years ago., He has a good salary, but is also paying off a large loan we took out for him to buy in, so the financial benefit of directorship has not really come to fruition yet.

[WillyNilly00]

This is all really interesting, I honestly had no idea how it worked! He does have shares and I don't know if this is relevant but he also has a non-compete clause in his contract so must be valuable to the company (I know this as he jokes that if he ever wanted to leave we'd go buy a farm somewhere sunny )

Thank you everyone for not absolutely roasting me, I will tell my mum that she's a nosey old lady next time even though she was just being curious, we have a very close relationship.

[Bluntness100]

You must know that no one can answer this, if could be anything from min wage upwards.

[CottonSock]

I know someone with a similar job. Director as in company owner. He is very well off and even more if sells his share. I think he takes home 6k a month, probably more. But gets huge tax bills.

[Elbeagle]

I’m very close to my parents, but neither of them have ever asked what my DH earns!

[WillyNilly00]

@Bluntness100 I honestly had no idea! But I do understand that now.

[ivykaty44]

I know a director and he earns £33k but 3 months last year didn’t draw wages as no money in pot

[NinetySixer]

As others say it can vary wildly.

Also, having a non compete clause doesn’t prove he’s valuable to the company.

I worked in recruitment and in niche fields it’s common.

In fact in recruitment even Juniors have them.