CSA query???

[pbContract]

Hi,
I wondered if someone could possibly give me some advice with regard to the CSA. I have recently changed jobs and become a contractor. Previously I was employed and paid the CSA 25% of my gross income. Because I am contractor now, and have my own limited company, the company has gained a reasonable profit over a short amount of time. Although I do pay myself, I keep a majority of that money in the company and intend that to be the case in future. Actually I pay myself exactly what I used to do when I was employed, so there is effectively no difference in my personal gross pay. Anyway, I would appreciate it if someone could please explain to me if I will pay any extra and what happens to the profit in my company.

Thanks for your time and hope you can help???

[stek]

Do the best by your kids.

It's down to you and your conscience, if you are earning more do you want to keep it to yourself?

[AJ1982]

Technically the CSA payment is xx of Salary, as opposed to Dividends.

However the CSA do have an option to get annual figures off company directors. Termed as people who can control their income.

My advice, if you are still on good terms with the other parent, agree a suitable monthly amount, extended if possible. If not an option, maybe be a little up front with the CSA, to prevent future issues.

[northernladuk]

Lots of information on CSA and LTD situations here...

https://www.google.co.uk/search?q=CS...GzNcHZ7ga62IBw

You know you are losing out big style in the long run by not running your company efficiently?

[SpontaneousOrder]

Lots of information on CSA and LTD situations here...

https://www.google.co.uk/search?q=CS...GzNcHZ7ga62IBw

You know you are losing out big style in the long run by not running your company efficiently?

Unless 'pay' includes dives perhaps.