Hi all,
my first thread with a few questions
I will hopefully start contracting soon and my wife is about to start her own company (fashion).
Initially I will be bringing in most of the revenue, until her company really gets under way.
Would it be possible to move funds from my ltd company into her company (e.g. as an investment), so she could pay herself a salary thus getting around 660?
Also what are the rules on company bank accounts, can they be sub accounts of a personal account? This could potentially be usefull as I have an offset mortage and any funds coming in to a business sub account will obviously reduce any interest on my mortgage?
Cheers for any advise
Stimpy
my first thread with a few questions
I will hopefully start contracting soon and my wife is about to start her own company (fashion).
Initially I will be bringing in most of the revenue, until her company really gets under way.
Would it be possible to move funds from my ltd company into her company (e.g. as an investment), so she could pay herself a salary thus getting around 660?
Also what are the rules on company bank accounts, can they be sub accounts of a personal account? This could potentially be usefull as I have an offset mortage and any funds coming in to a business sub account will obviously reduce any interest on my mortgage?
Cheers for any advise
Stimpy
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