Perhaps the Director has been given a Contract which makes him a worker subject to the NMW?
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Living Wage
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Originally posted by d000hg View PostMy accountant listed 3 or 4 options, one being NMW for those who wished to go that route but it wasn't advised.Comment
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Originally posted by Alan @ BroomeAffinity View PostNot sure even that makes sense tbh. The only two (under normal circumstances) that are sensible options are the LEL and the PA. I can't see the point in anything else. Although I do know of many accountants locally who insist on the use of NMW, I can't see the point in even presenting it as an option - except in a "don't to do this" scenario.Comment
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Originally posted by mudskipper View PostSome people want to have a contract of employment for various reasons. If you have a contract of employment, my understanding is that you have to pay NMW.Comment
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Originally posted by mudskipper View PostSome people want to have a contract of employment for various reasons. If you have a contract of employment, my understanding is that you have to pay NMW.Comment
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Originally posted by pjt View PostMy accountant has suggested I should increase my salary to £13,104 to take into account the living wage changes. Has anyone else been recommended to do this? My understanding was always that as I Director this was not something I had to worry about, as the minimum wage rules etc did not apply.Comment
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Originally posted by mudskipper View PostJust gone and checked the advice from my accountant, which was that if you want to claim SMP/SPP, you may need a contract of employment, and would need to pay NMW.
And in any event I'm almost certain that you still qualify even without NMW.
https://www.gov.uk/guidance/statutor...-pay#directorsComment
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One benefit to having a contract and therefore NMW is you MIGHT be able to claim redundancy when the company is closed.Comment
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Originally posted by mudskipper View PostOP, do you have a contract of employment with yourCo?Comment
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Originally posted by pjt View PostNo.Comment
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