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Best Tax Efficient Way To Stay Under The Higher Tax Band In 2016/2017

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    Originally posted by css_jay99 View Post
    lol! how long did that take u to find
    About 15 seconds. Click on your user name, find threads and a quick browse. That was from just a few pages as well.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      A really good thread this one, having read through all the comments there seems to be a lot of ambiguity about what are the best solutions depending on circumstances (mainly on the salary side).
      It looks like paying a salary to a spouse is potentially worth more headaches with HMRC which I can do without.

      If I'm LTD and only make my spouse a 10% shareholder in the company to receive approx. £5k dividends, (which is at the end of the day to minimize my own tax) is this still a safe option?

      Providing her '10%' is paid to her own account which would probably be fed into her ISA etc etc

      Comment


        Originally posted by Iter View Post
        A really good thread this one, having read through all the comments there seems to be a lot of ambiguity about what are the best solutions depending on circumstances (mainly on the salary side).
        If I'm LTD and only make my spouse a 10% shareholder in the company to receive approx. £5k dividends, (which is at the end of the day to minimize my own tax) is this still a safe option?
        Providing her '10%' is paid to her own account which would probably be fed into her ISA etc etc
        Dunno, there is too much ambiguity and the best solution depends on circumstances as someone pointed out. Ask your accountant
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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