My current situation
Just started contracting 5 months ago
Company was set up with 1 Share
I am not married
I am the director - currently no sec
I am currently being advised to take only dividends for the remaining tax year - With is fine.
Can I create more shares in the company and split 60/40 with my mum or sister who earn below the higher rate band.
So i can pay dividends to my self and mum/sister ?
Advise and solutions needed on the above