Hi,
I got my first ever contract work in UK (yay!) and am trying to do a bit of tax planning. One idea is to simply defer paying myself, i.e.
I'm guessing I'm not the first to come up with this. Not sure if there are any obvious issues? Are there any tax advisors you can recommend to run this by them?
I got my first ever contract work in UK (yay!) and am trying to do a bit of tax planning. One idea is to simply defer paying myself, i.e.
- paying myself only what is needed to live on
- under a pessimistic view, assume that I wouldn't find another contract when this expires
- move back to my birth country, where there's no dividend tax, and pay out everything in the company as dividends (I have permanent residency in UK, but no ties otherwise.)
I'm guessing I'm not the first to come up with this. Not sure if there are any obvious issues? Are there any tax advisors you can recommend to run this by them?
Comment