Assume all contract income is IR35-caught, no employment contract and salary below minimum wage. Currently, apart from low salary, pension contributions are used to offset remainder of potential IR35 liability.
If the company pays £243 a month for childcare to a nursery, can that payment be counted towards the goal of paying 95% of caught income as salary, expenses or pension?
(I have spent two hours searching this site and the internet and not found the answer. I did find a very old post on the internet that said the answer was different for NI than for tax, and that you had to do the deemed payment calculation twice!)
If the company pays £243 a month for childcare to a nursery, can that payment be counted towards the goal of paying 95% of caught income as salary, expenses or pension?
(I have spent two hours searching this site and the internet and not found the answer. I did find a very old post on the internet that said the answer was different for NI than for tax, and that you had to do the deemed payment calculation twice!)
Comment