no work/close company?

[SlipTheJab]

Keep company open, issues yourself P45 (or get accountant to do it), claim JSA.

You will obviously have to stop paying your salary and dividends are probably not wise either. If you have any dividends to pay do it before claiming JSA.

Of course, a humungous warchest will possibly prevent you claiming JSA. But think you can still claim but get £0 and get credited NI - maybe worth it

...Here we go again...

[northernladuk]

Keep company open, issues yourself P45 (or get accountant to do it), claim JSA.

You will obviously have to stop paying your salary and dividends are probably not wise either. If you have any dividends to pay do it before claiming JSA.

Of course, a humungous warchest will possibly prevent you claiming JSA. But think you can still claim but get £0 and get credited NI - maybe worth it

Humongous? 16k?

He needs to have some cash behind him though. He can't live on 75 quid a week. He may need to keep the business open paying divs and wage to pay the bills. Depends on his personal cash situation and the current affairs of his limited. Just advising it without taking these in to account is just dumb.

[psychocandy]

Humongous? 16k?

He needs to have some cash behind him though. He can't live on 75 quid a week. He may need to keep the business open paying divs and wage to pay the bills. Depends on his personal cash situation and the current affairs of his limited. Just advising it without taking these in to account is just dumb.

Not sure what the limits are these days. OP will have to find out for himself.
Also, his personal situation will also make a difference - i.e. does he have a partner who works etc.

Of course, paying salary is a no go if you claim JSA. Divis is a bit of a grey area.