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  1. Replies
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    2,486

    Thanks Claire. Is there any additional risk...

    Thanks Claire.

    Is there any additional risk (in terms of investigations / undue attention from HMRC) if a company pays salary and dividends such that there is no Tax / NI liability?

    My...
  2. Replies
    13
    Views
    2,486

    Most efficient salary that includes NI stamp...

    Most efficient salary that includes NI stamp towards pension but no PAYE / NI is
    £7696 / year, which I rounded down to £7692 / year or £641 / month, as I prefer whole numbers.

    This leaves Gross...
  3. Replies
    48
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    7,087

    Can we not argue the same and ask what work does...

    Can we not argue the same and ask what work does one do for his own limited to account for the £624 / pm salary and how is it attributed as market rate?

    If one is saying they are earning revenue...
  4. Replies
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    5,822

    Yes, you are right. Also you save yourself the...

    Yes, you are right. Also you save yourself the admin of making monthly payments of a few quid of NIC to Hector.
  5. Thread: Annual Party

    by Master
    Replies
    25
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    6,547

    While I agree about the mobile phone anology,...

    While I agree about the mobile phone anology, this could be different. Most of us eat out once in a while so a two person LTD can easily spend £300 over a year on say 4 or 5 outings. Just hold on to...
  6. Replies
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    4,725

    Thanks all for the response. Special thanks to...

    Thanks all for the response. Special thanks to Clare@InTouch.

    So Dividend is a no.

    Any advise on a one off bonus to take her total pay for the year to £7072? Is there a guideline to say what...
  7. Replies
    11
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    4,725

    Salary / Bonus Query

    I started my contract in Nov. Was a permie before. As I have earned more than 40% limit for this year in my prev job, have not been paying myself any salary or dividend. My spouse is not working and...
  8. Thanks Steely Dan. It is a limited company with...

    Thanks Steely Dan. It is a limited company with me and spouse. I do have all three insurances of upto £1M through the group policy of my accountant.

    It is not a specialist job as such. I am BA...
  9. New Contractor : PI / Professional / Employee Liability Insurances

    Hi, I am new contractor, just got my first contract. They agency has mentioned all the 3 insurances of upto 5 Million in the contract. 1 Million seems to be the common level everywhere and I am even...
  10. Replies
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    2,387

    Newbie - First Query

    Hi Everyone,

    Thank you for the great resources on this site. Very helpful.

    I am currently in a permanent job and I have got my first contract. The agency says that the client wants me to start...
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