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Paying wife/grand-parent small wage (<5K)

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    #11
    I do this, although my wife is official company secretary. I pay her £475 per month - an amount my account came up with which means she pays a tiny amount of NI (about £2-odd) and therefore qualifies for a state pension, and also she pays no PAYE (she has no other income)

    I asked my accountant about what she should actually do for her wage, and he reckons just the act of being company secretary is enough. She also approves my expenses (i.e. signs the form I produce) and opens the mail

    "Keep them at 24,000"
    "No, feet"

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      #12
      Originally posted by TCL View Post
      I do this, although my wife is official company secretary. I pay her £475 per month - an amount my account came up with which means she pays a tiny amount of NI (about £2-odd) and therefore qualifies for a state pension, and also she pays no PAYE (she has no other income)

      I asked my accountant about what she should actually do for her wage, and he reckons just the act of being company secretary is enough. She also approves my expenses (i.e. signs the form I produce) and opens the mail
      You don't actually have to pay any NI to qualify for the years pension credit. Earning between the lel and the primary threshold currently attracts no NI and still gets the years pension credit.

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