Can I pay my spouse/partner? The definitive answer.

[TheCyclingProgrammer]

Where is the business justification for that?

Makes life a bit easier for my wife and accountant to sort things out if I get hit by a bus if she's already a Director. One less issue for my executor to worry about.

(OK perhaps that isn't strictly a *business* justification per se, but its a good enough justification for me)

[malvolio]

Makes life a bit easier for my wife and accountant to sort things out if I get hit by a bus if she's already a Director. One less issue for my executor to worry about.

(OK perhaps that isn't strictly a *business* justification per se, but its a good enough justification for me)

No it's not, strictly speaking, if you also have stuff like key man insurance in place. But it will be up to you to justify it if challenged.

By far the safest way is to use dividends as per the Arctic decision. Probably save a little on tax as well.

[TheCyclingProgrammer]

By far the safest way is to use dividends as per the Arctic decision. Probably save a little on tax as well.

Or do both. If your spouse/partner is a shareholder it can be beneficial for them to also be a company officer (doesn't have to be director) if you ever close the company down and take a capital distribution.

[northernladuk]

Or do both. If your spouse/partner is a shareholder it can be beneficial for them to also be a company officer (doesn't have to be director) if you ever close the company down and take a capital distribution.

Don't get me wrong, if I was ever in a position I could use these tricks I probably would be it's all a piss take.