As a limited company freelancer you will invoice your client and the funds will be paid into your business bank account. It is important to understand how that translates into money in your pocket.
Typically a director will make payments out of a company bank account to their personal bank account for one of three reasons:
Typically this is paid from your limited company to your personal bank account on a monthly basis.
Dividends are likely to form the main source of income from your limited company. Dividends are paid out of the after tax profits of the company. Like salary, they are paid by making a payment from the business bank account to your personal account. They can be paid as frequently or infrequently as you like but do require preparation of dividend paperwork.
It is likely that you will have incurred some business expenses personally. Each month you can reimburse those expenses by making a transfer from the business bank account to your personal bank account.
All of the above will be explained to you by one of our expert accountants.