Are there any implications with regard to the following scenarios:-
1. Paying yourself for an extended period of time out your company, whilst not actually working on a contract etc, or no revenue coming into your company.
2. Paying just your wife but not yourself a wage out the company (~circa 6k for part-time work), even though you are the one bringing in (or brought in already) the majority of the money.
I'm seriously considering building up a pot of money in the company to fund a bit of time out to spend with my family/kids etc, with the possibility of doing some education/training etc during this.
Has anyone here actually done this, or know of any useful information which might not be obvious?
1. Paying yourself for an extended period of time out your company, whilst not actually working on a contract etc, or no revenue coming into your company.
2. Paying just your wife but not yourself a wage out the company (~circa 6k for part-time work), even though you are the one bringing in (or brought in already) the majority of the money.
I'm seriously considering building up a pot of money in the company to fund a bit of time out to spend with my family/kids etc, with the possibility of doing some education/training etc during this.
Has anyone here actually done this, or know of any useful information which might not be obvious?
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