Hi Guys,
I have tried searching the forum but either my Search abilities are useless (highly likely) or it's not been asked before (highly unlikely) so I apologise in advance.
Yesterday was my last day with my Perm employer, and now I work for myself . LtdCo all setup and start a new contract on Monday, through an Agency.
I have received my P45 from my old employer, do I have to fill in Part 3 (New Employee Details, for Completion by new Employer)? And register as an employee as my new Ltd Co?
Also with regards my Personal Allowance, I have already well exceeded that and am in fact in the higher tax band already this year, what is the best way of handling this for my new company, am I just going to have to take the hit on my wage (Currently set to ~£7500pa) and pay the additional 25% on my Dividends until it's all reset in April?
Any other hints, tips, tricks or advice always welcome! I am currently in sponge mode trying to soak everything in!
Thanks
Chris
I have tried searching the forum but either my Search abilities are useless (highly likely) or it's not been asked before (highly unlikely) so I apologise in advance.
Yesterday was my last day with my Perm employer, and now I work for myself . LtdCo all setup and start a new contract on Monday, through an Agency.
I have received my P45 from my old employer, do I have to fill in Part 3 (New Employee Details, for Completion by new Employer)? And register as an employee as my new Ltd Co?
Also with regards my Personal Allowance, I have already well exceeded that and am in fact in the higher tax band already this year, what is the best way of handling this for my new company, am I just going to have to take the hit on my wage (Currently set to ~£7500pa) and pay the additional 25% on my Dividends until it's all reset in April?
Any other hints, tips, tricks or advice always welcome! I am currently in sponge mode trying to soak everything in!
Thanks
Chris
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