When looking into how businesses process owner salary, a draw is a withdrawal of funds directly from the business into your personal bank account. It can be done at any time and isn’t taxed on withdrawal, but must be declared on your Self Assessment. A salary is a regular payment, taxed through the government’s PAYE system. To research ‘how do business owners pay themselves’, we recommend looking into a draw, a salary and dividends, all of which are discussed in this article and depend on your personal circumstances.