Can I rerun the brolly question please, for those of us who don't subscribe to what seem to some of the givens for most?
1. I do not pay dividends from my Ltd Co. The profit in the company does not come from the capital nominally invested in it, but from my labour. It is therefore wrong to pay dividends on that capital.
Yes, I know that I only have to be a Ltd Co because the Revenue forced me into it, and on top of that NICs are a mess, and they can't decide on a sensible way to treat people like us, so it's their own fault if people use their rules... I just don't want to because I believe it's wrong.
2. I don't attempt to transfer income to my partner just because she doesn't fall into 40% tax. See no. 1: she didn't earn it, I did, so it is mine to pay tax on.
3. I'm coming to think that I'll probably see out my career without any more training courses that I'll have to pay for myself. So most of my legitimate expenses will be the same as any employee would have (travel and subsistence).
Given these points, is it worth running a Ltd Co rather than using a respectable umbrella?
1. I do not pay dividends from my Ltd Co. The profit in the company does not come from the capital nominally invested in it, but from my labour. It is therefore wrong to pay dividends on that capital.
Yes, I know that I only have to be a Ltd Co because the Revenue forced me into it, and on top of that NICs are a mess, and they can't decide on a sensible way to treat people like us, so it's their own fault if people use their rules... I just don't want to because I believe it's wrong.
2. I don't attempt to transfer income to my partner just because she doesn't fall into 40% tax. See no. 1: she didn't earn it, I did, so it is mine to pay tax on.
3. I'm coming to think that I'll probably see out my career without any more training courses that I'll have to pay for myself. So most of my legitimate expenses will be the same as any employee would have (travel and subsistence).
Given these points, is it worth running a Ltd Co rather than using a respectable umbrella?
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