Search Results - Contractor UK Bulletin Board

Search:

Type: Posts; User: cwah

Page 1 of 2 1 2

Search: Search took 0.00 seconds.

  1. Ah ok, thanks for the clarifiation. that claim...

    Ah ok, thanks for the clarifiation. that claim works as well
  2. Contracless for months, I've finally made a JRS

    I've been without contracts for months and because I didn't made any claim before July, I couldn't make any claim.

    So I can only make claim for the new period starting from November 1st. You can...
  3. Replies
    40
    Views
    1,686

    So you guys are saying you can pay into the SIPP...

    So you guys are saying you can pay into the SIPP with £0 profit?

    Basically, the company director can take a $40k loan, pay it to the SIPP as expense. Then close the company?


    Or with retained...
  4. Replies
    40
    Views
    1,686

    If you know the legal requirement, why don't you...

    If you know the legal requirement, why don't you share?
  5. Replies
    40
    Views
    1,686

    I think (but not sure) that you can only pay into...

    I think (but not sure) that you can only pay into your SIPP from profit.

    So if your £40k is from retained earnings, then you may not be able to pay as you'd declare loss in that case.
  6. Replies
    31
    Views
    2,146

    By the way, I'm not paying myself short. I need...

    By the way, I'm not paying myself short. I need to be at the secondary threshold of £732/month to avoid paying any National insurance. That's what's recommended as well by accountants:...
  7. Replies
    31
    Views
    2,146

    I make sure I top it to the max by year end. And...

    I make sure I top it to the max by year end. And lower earning limit is much lower. Shouldn t be the case
  8. Replies
    31
    Views
    2,146

    I called the national insurance number and they...

    I called the national insurance number and they told me they had technical issue where the call is cut mid way... So after 20 min wait and 5 min chat it just cut.... damn. I'll try again calling

    I...
  9. Replies
    31
    Views
    2,146

    Thanks but it's the gov, they can keep ignoring...

    Thanks but it's the gov, they can keep ignoring forever while I continuously send reminder. What could they risk?
  10. Replies
    31
    Views
    2,146

    Ahhh I need help with all this bureaucracy... ...

    Ahhh I need help with all this bureaucracy...

    I called the National insurance first (National Insurance numbers - GOV.UK) to explain that I paid above the Lower Earning Limit so I should be...
  11. Replies
    16
    Views
    937

    Thanks. But how do I claim from 1 Nov onwards? I...

    Thanks. But how do I claim from 1 Nov onwards? I just get refused for anything
  12. Replies
    16
    Views
    937

    I tried to claim via...

    I tried to claim via "www.tax.service.gov.uk/coronavirus-job-retention-scheme "and it says


    Are they trying their best to give nothing to company directors?
  13. Replies
    16
    Views
    937

    I've been on the bench for a while now. I don't...

    I've been on the bench for a while now. I don't have any support.

    I'm going to apply for this. Who else did? I'd like to get it from september.
  14. I found out on my loan contract they wrote my...

    I found out on my loan contract they wrote my name wrong.

    If the judge is indeed just looking at the fact, and just the fact between the trust and me... Then surely it's completely void?

    There...
  15. Replies
    12
    Views
    531

    Change country. Go to asia for 5 years!

    Change country. Go to asia for 5 years!
  16. Ok I see your point but it seens odd we can get...

    Ok I see your point but it seens odd we can get squeezed like that.

    What authority does the IoM court has over the UK citizen?
  17. Why would that be irrelevant? If that was so then...

    Why would that be irrelevant? If that was so then I could also argue that HMRC tax avoidance payment would be as irrelevant as well.
  18. Fact is that the money comes from our own invoice...

    Fact is that the money comes from our own invoice and they have given our money back in a form of loan. Could even provide bank statement and precise payment date.

    Sounds very black and white to...
  19. I'm fully prepared to go to court to be honest. ...

    I'm fully prepared to go to court to be honest.

    What would happen if going to court the money comes from my own invoice, it's a tax avoidance scheme and I've already settled with HMRC paying the...
  20. What offensive did they do? I just see them...

    What offensive did they do? I just see them sending email that I didn't answer...
  21. Replies
    5,931
    Views
    1,022,834

    Market is the same for people working with Gov or...

    Market is the same for people working with Gov or public sector for sure. I've seen even more contract for public sector during the last 8 months. So much that most of the decent contract in my field...
  22. Replies
    5,931
    Views
    1,022,834

    The answer is simple money we have free money...

    The answer is simple money we have free money with 0% interest rate AND unlimited money supply. Think about how much money the additional loans, furlough scheme, stimulus check have added to the...
  23. Replies
    5,931
    Views
    1,022,834

    How come we're getting cheaper years after years?...

    How come we're getting cheaper years after years? Its no longer worthwhile to work in IT anymore below a certain rate
  24. Replies
    5,931
    Views
    1,022,834

    I keep having call from recruiters telling me...

    I keep having call from recruiters telling me within the first 30s of the call the max rate. Its like

    "the client can pay a max of £350, can you take it?"

    Of course I said no. Then of course...
  25. Why would that be? I'm french national with...

    Why would that be? I'm french national with settled status in uk.

    I can work anywhere in EU should I want to. And I can keep working in the UK if contract become available.
  26. I'm in this exact situation where I have some...

    I'm in this exact situation where I have some cash left in my LTD and ready to move to any better country.

    Still looking tbh, I haven't found anywhere worldwide compelling enough to give up my...
  27. Yes I know the UK and don't know enough the other...

    Yes I know the UK and don't know enough the other countries. That's why I'm asking you what countries you are looking for...
  28. Switzerland cost of living is so expensive and...

    Switzerland cost of living is so expensive and they need visa if you want yo stay there. The only way to live there would be to have a good job there... but then it would be more about having the...
  29. Ok I'm not disagreeing with you. I know there are...

    Ok I'm not disagreeing with you. I know there are tax heaven. However I don't know any I'd want to live in. I wouldn't want to live 5 years in dubai or isle of man for example....

    Which...
  30. Replies
    22
    Views
    1,381

    Ah I see... so its not possible to pay different...

    Ah I see... so its not possible to pay different amount of dividend depending on the shareholder....

    Makes sense now.
  31. Replies
    22
    Views
    1,381

    Then just declare when you pay dividend? Simple.

    Then just declare when you pay dividend? Simple.
  32. Replies
    22
    Views
    1,381

    Yes but what does that have to do with dividend?...

    Yes but what does that have to do with dividend? You declare and pay the dividend and thats it
  33. Just to re-iterate, what keeping your company to...

    Just to re-iterate, what keeping your company to move cash to pension would allow:

    1. £7600 saving in corporation tax for the current tax year
    2. No tax at all by transfering cash into pension...
  34. Replies
    22
    Views
    1,381

    Why would there be a loan account to pay...

    Why would there be a loan account to pay dividend??
  35. Replies
    22
    Views
    1,381

    What is the DL account? Where can I check it?

    What is the DL account? Where can I check it?
  36. It wouldn't work if you are in immediate need of...

    It wouldn't work if you are in immediate need of the money. But it's a good compromise to reduce tax liability and freedom to take another gig in few months/years should opportunity arise.

    I'm...
  37. Or just put then gradually into your pension at...

    Or just put then gradually into your pension at £40k / year tax free. It locked it up until 57 yo but then you are free to come back anytime in the UK should a gig becomes available
  38. Replies
    5,931
    Views
    1,022,834

    If you worked at tesco (as store staff) you...

    If you worked at tesco (as store staff) you wouldn't get £40k/year but half of that... so still better to be programmer
  39. Replies
    19
    Views
    1,260

    I couldn't hear properly the name of the company,...

    I couldn't hear properly the name of the company, but the phone number is +44 1923 882548. I tried a google lookup and it shown the company might be NEUTRAL FINANCIAL SERVICES? Couldn't find their...
  40. Replies
    19
    Views
    1,260

    97% salary retention with umbrella company

    Hello,

    Just had a call from an umbrella company telling me they are able to give 97% salary retention with their scheme. And they say it's perfectly legal, which is using the same principle of...
  41. Replies
    328
    Views
    34,926

    I believe pension can only be distributed from...

    I believe pension can only be distributed from company profit. However, if you were to pay your own salary via the company, then close down the company with the left over, it shouldn't be a problem....
  42. Replies
    25
    Views
    5,236

    Sticky: Hello I'm applying for JSA now. It's asking me...

    Hello

    I'm applying for JSA now. It's asking me if I've been unemployed for the last 6 months.

    Technically, I'm employed by my own LTD company and paying myself £790/month.

    However, I don't...
  43. Replies
    15
    Views
    1,087

    ahh that looks really tulip then. I didn't...

    ahh that looks really tulip then. I didn't realise.

    And of course, if we decide after the end of the scheme to top up the salary to compensate for the loss, then it could be seen as tax avoidance...
  44. Replies
    31
    Views
    2,146

    Fair point for occupational pension. I don't have...

    Fair point for occupational pension. I don't have that and only use SIPP, which I can manage the withdrawal rate in order to remain below the taxable rate.

    So could be different with occupational...
  45. Replies
    15
    Views
    1,087

    I just look at how it works, and it looks very...

    I just look at how it works, and it looks very pitiful. From the gov:
    Hours Employee Worked 33% 40% 50% 60% 70%
    Hours Employee Not Working 67% 60% 50% 40% 30%
    Employee Earnings (% of normal) 78%...
  46. Replies
    15
    Views
    1,087

    I'd be interested as well. Not sure how we could...

    I'd be interested as well. Not sure how we could qualify because we'd supposedly be working 1/3rd of the time?
  47. Replies
    31
    Views
    2,146

    Or another to put it to light, £175/week is...

    Or another to put it to light, £175/week is £9450/year.

    So if you live to 77 years you already get £94k, which is not a small amount anymore. And it's adjusted to inflation as well!

    Would be...
  48. Replies
    31
    Views
    2,146

    Definitely worth it because I got this £4.5/week...

    Definitely worth it because I got this £4.5/week for free because I don t pay for NI.


    And if I can accumulate without having to pay for anything for 35 years, I cumulate to £175/week.

    I...
  49. Replies
    31
    Views
    2,146

    Thank you. I called them again. I found out the...

    Thank you. I called them again. I found out the problem is with what's called the Lower Earning Limit (LEL): Rates and allowances: National Insurance contributions - GOV.UK

    So they told me I still...
  50. Replies
    31
    Views
    2,146

    That's where you have it wrong. Re-read what I...

    That's where you have it wrong. Re-read what I shared. I don't need to make any contribution
Results 1 to 50 of 96
Page 1 of 2 1 2