Limited Company and Tax

[malvolio]

As a normal UK Ltd outside IR35, you're looking at around 78% retention if you do the low salary/high divi route. The offshore schemes will go higher than that, but watch the risk/reward ratio.

If you're not staying there are probably better options, but you need a good accountant that understand both UK and Oz - have a word with SJD for a starter.

[ASB]

aussieItman:

You might like to do some research on your residency and taxation related to non UK sourced income for people who are not ordinarily resident. Offshore cos can be useful in these circumstances if structured right. Or get you locked up if structured wrong.

Don't forget that it is perfectly possible to be tax resident in more than one country at any given point in time. As a result of this exact timing and the exact details of DTA's between respective countries can become very important.

[Joe Black]

Oh dear...

...what would happen if I paid no tax whatsoever then declared myself bankrupt? I understand that I would not be able to have loans, bank accounts etc etc if I was declared bankrupt, but as said I wont be working here again so that wont be an issue

Just the excuse GB needs to hammer contractors in the UK with more red-tape and taxes.

"The bankruptcy question was just a query, not really something I want to do" - no thought at all of doing such a thing, just curious were you...