I am contracting via own limited company.
I heard I will need to pay less tax if I employ my wife (she is not working) and make her 40% shareholder of the company.
Now I need to pay to myself and my wife minimal salary (about £700 monthly to each of us) and the rest pay myself and her as dividents.
My question is: do I need somehow oficially employ myself and my wife or I just need to transfer money to our bank account (as we have common accont with her) and record this as salary to me and her? Should I oficially issue salary slips to us?
Thanks in advance...