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86% Take Home Pay (Totally Legit)

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    #31
    Sure when I last used ltd it was something like 82%.

    Low salary, split divs with mrs (neither of us going into 40%), 100 mile a day expenses......
    Rhyddid i lofnod psychocandy!!!!

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      #32
      Do you count your expenses as take-home money? I'd view that as just another deduction, like tax etc.

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        #33
        Originally posted by psychocandy View Post
        Sure when I last used ltd it was something like 82%.

        Low salary, split divs with mrs (neither of us going into 40%), 100 mile a day expenses......
        Pretty easy to achieve that around the NMW rates for keyboard replacers.

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          #34
          Originally posted by Lance View Post
          Taking £30k severance tax free if you're not formally being made redundant is fraudulent tax evasion.
          For both you and your employer.

          You're either being made redundant or you're not.
          I've just had a brainwave - If you're contracting outside IR35 through your Ltd company, and you decide to go perm, then what is to prevent your Ltd from making you redundant and giving you a £30K tax-free redundancy package, plus expenses for having to look around before you found and bagged the permi role?
          Work in the public sector? Read the IR35 FAQ here

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            #35
            Originally posted by OwlHoot View Post
            I've just had a brainwave - If you're contracting outside IR35 through your Ltd company, and you decide to go perm, then what is to prevent your Ltd from making you redundant and giving you a £30K tax-free redundancy package, plus expenses for having to look around before you found and bagged the permi role?
            Wow, that's incredible, Why has no-one ever thought of that before!!!

            Oh, wait, they have:

            Google Search

            Alternatively:

            TLDR;

            You can't
            Last edited by Paralytic; 18 November 2019, 15:49.

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