Hi all,
Been a reader for a long time but not a poster!
I'm looking for some ltd company advice.
I'm contracting through my own ltd (outside IR35), paying myself £850 salary a month and taking dividends every 4-6 months. My girlfriend is moving from umbrella to ltd (also outside IR35) and I was wondering if instead of her setting up her own ltd she could have her earnings payed into my ltd company?
I figure there's a few options.
1. Keep me as the only employee, have her as a shareholder, and pay her out of dividends only (probably not tax man friendly).
2. Add her in as an employee of the company, pay her the same salary as myself and also add her as a shareholder (paying her dividends).
3. Add her in as an employee of the company, pay her the same salary as myself but don't add her as a shareholder, instead just pay her the salary and I personally transfer some money into her personal account out of my (now extended) dividends.
Or is it better she setup her own ltd?
I also figured maybe having two employees / multiple contracts the company is less likely to be investigated by HMRC also..
Opinions? :-)
Thanks!
Stuart.
Been a reader for a long time but not a poster!
I'm looking for some ltd company advice.
I'm contracting through my own ltd (outside IR35), paying myself £850 salary a month and taking dividends every 4-6 months. My girlfriend is moving from umbrella to ltd (also outside IR35) and I was wondering if instead of her setting up her own ltd she could have her earnings payed into my ltd company?
I figure there's a few options.
1. Keep me as the only employee, have her as a shareholder, and pay her out of dividends only (probably not tax man friendly).
2. Add her in as an employee of the company, pay her the same salary as myself and also add her as a shareholder (paying her dividends).
3. Add her in as an employee of the company, pay her the same salary as myself but don't add her as a shareholder, instead just pay her the salary and I personally transfer some money into her personal account out of my (now extended) dividends.
Or is it better she setup her own ltd?
I also figured maybe having two employees / multiple contracts the company is less likely to be investigated by HMRC also..
Opinions? :-)
Thanks!
Stuart.
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