Draw salary from my limited company when out of contract

[psychocandy]

Surely, if you can, paying a net salary of £857.68 for 5 months = £4288.40 whilst you're looking for your next contract\having a rest ;-) is better than the JSA thing?? no?

Well obviously but its £4000+ of your money. If you've got £4000 in there then theres the option to pay it out as a div before the end of your gig. Then claim JSA.

Not saying this works in every circumstance. Depends on your tax situation etc. If you've got to pay 40% on that div it might be worth keeping it to pay out as salary.

Of course, if you get to year end and have stopped salary then potentially you've not maximised the benefit of the salary. BUT, as I found out, miss a few months and then pay double/catchup other months (once back in a gig) to ensure same salary is paid for the year. (Although this may means 'some' tax is paid some months but this gets sorted at tax return time).

MODS - Want me to write a guide to claiming JSA that we can have as a sticky?

[gables]

MODS - Want me to write a guide to claiming JSA that we can have as a sticky?

A moot point for me as you won't catch me claiming JSA whilst between contracts

[MrMarkyMark]

FTFY

MODS - Want me to write a blog, on my life, whilst claiming JSA that we can have as a sticky?

[AnotherGuy]

I would happily move away to another accountant but I'm afraid it would be a complete mess, to be honest.

I pay £114/month so it is not like the company is cheap. They should have at least gave me the choice if I want to stop paying salary or not but they did it like if it were mandatory by law. Maybe I should have asked the forum back then first...

So thinking if it is better to just go back to enable the payroll and pay salary, and forget about it. Not sure about the 2 unpaid months, if there is any way to recover it without actually making it worse to HMRC eyes.

I'm raising a complain with them anyway.

[MrMarkyMark]

As far as I'm aware you could pay it all in one amount for the year, therefore the unpaid 2 months should not be an issue?
You would just increase the other payments to cover?

[TheFaQQer]

Don't mind arguing with the principal/morals of claiming JSA, that's fair enough

But talking like £1500 is nothing and it's shameful that anyone could ever find a use for £1500 over 5 months is a bit out of touch/daft - would your 18 year old self have turned his nose up at £1500? (especially being from Yorkshire!?)

I thought NLUK was from black pudding country?

[MrMarkyMark]

FTFY

I thought NLUK was from the great lakes, part of the country?

[northernladuk]

I thought NLUK was from black pudding country?

I had to emigrate here. Got kicked out of Yorkshire for not being tight as a gnats chuff and learning to read and write.

[northernladuk]

I would happily move away to another accountant but I'm afraid it would be a complete mess, to be honest.

I pay £114/month so it is not like the company is cheap. They should have at least gave me the choice if I want to stop paying salary or not but they did it like if it were mandatory by law. Maybe I should have asked the forum back then first...

So thinking if it is better to just go back to enable the payroll and pay salary, and forget about it. Not sure about the 2 unpaid months, if there is any way to recover it without actually making it worse to HMRC eyes.

I'm raising a complain with them anyway.

I don't wanna be rude but surely the mess of changing accounts it's pretty insignificant in the long run compared to having one that is absolutely clueless.

What's the point of paying that much (which is too much) for someone that can't provide the service I need.

I had a one man band that was useless but if you pick one of the more reputable accountants they will sort it out fairly painlessly. My guy wouldn't hand over any of my paperwork when I swapped to SJD but they picked me up and sorted it no time. Didn't have a single problem for the next 5 years.
If you don't trust your accountant you have to leave. No ifs or buts.

[psychocandy]

A moot point for me as you won't catch me claiming JSA whilst between contracts

Fair enough. Up to you...