Hi, I have two questions regarding the incorporation of my dental practice:
1) If I take a minimum salary (of £7,000 approx), and the rest as dividens I will not be entitled to the state pension when I retire as I will not have paid any NIC, is this true?
2) When I incorporate I will sell my goodwill (essentially my patient base) to the company, and then look to amortise this figure over a 5 year period-would this be seen as too aggressive by HMRC?
Many thanks Guys
1) If I take a minimum salary (of £7,000 approx), and the rest as dividens I will not be entitled to the state pension when I retire as I will not have paid any NIC, is this true?
2) When I incorporate I will sell my goodwill (essentially my patient base) to the company, and then look to amortise this figure over a 5 year period-would this be seen as too aggressive by HMRC?
Many thanks Guys
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