Salary paid to yourself.....

[Jog On]

How on earth can you even begin to be confident about starting your own limited when you do don't know the absolute bottom line, most basic of things about the most important aspect of your work?? You have been here long enough to see the posts, be aware of the newbies guides and so on. I really am speechless.

Re-read the newbies advice and all the stuff on the right about setting up LTD's and then search for Psychocandy and read every one of his posts. If you can't be bothered to research it you will find an answer there.

Jesus. Go read the newbies guides on the absolute basics of your job and/or get an accountant. Seriously. I am embarrassed for you.

Personally I would push you back towards a permie role, it is going to get a lot more complicated than this.

Love bashing people over the head don't you

[northernladuk]

Love bashing people over the head don't you

Generally yes but this is staggering. From a first time poster or first contract person I could understand but

Just to show that I am a warm lovelable charismatic person though here are links to the newbies guides that are two inches to the right that explain ALL this in a good level of detail..

Contractor guide. Read down to the bit about contractor money where there are three articles on this exact topic

Limited Companies - Contractor Ltd Co Guides :: Contractor UK

[PinkPoshRat]

Jesus. Go read the newbies guides on the absolute basics of your job and/or get an accountant. Seriously. I am embarrassed for you.

Personally I would push you back towards a permie role, it is going to get a lot more complicated than this.

Oi stop being so pmt for a moment. Just because I have been on this forum for a while does not make me a limited company specialist you know! It's not been easy finding answers to my questions from looking at old posts and scratting my way through them on the off chance.

Why do you bother reading this topic if you already know all the answers and snap at anyone who dares to ask a question?

[northernladuk]

Oi stop being so pmt for a moment. Just because I have been on this forum for a while does not make me a limited company specialist you know! It's not been easy finding answers to my questions from looking at old posts and scratting my way through them on the off chance.

Why do you bother reading this topic if you already know all the answers and snap at anyone who dares to ask a question?

This is way off specialist. This is so basic it isn't true. You want to be an LTD but don't know how to pay yourself? Really? It is very easy to find the answers to questions like this. There are guides on the right.

Just on a serious note though you posted your rate on another thread. If that is your normal rate it probably isn't worth going LTD. I can't remember if you said it was just a fill in one just to work for a couple of weeks. I won't mention numbers because peoples rates are not for public discussion but I would check that.

[jmo21]

Oi stop being so pmt for a moment. Just because I have been on this forum for a while does not make me a limited company specialist you know! It's not been easy finding answers to my questions from looking at old posts and scratting my way through them on the off chance.

Why do you bother reading this topic if you already know all the answers and snap at anyone who dares to ask a question?

Paying yourself low salary, maximising expenses and paying yourself in dividends is THE reason to go limited.

If you didn't know about dividends, like your question about "how do I live off £7k" indicates, why did you want to start a Ltd company?

[PinkPoshRat]

This is way off specialist. This is so basic it isn't true. You want to be an LTD but don't know how to pay yourself? Really? It is very easy to find the answers to questions like this. There are guides on the right.

Just on a serious note though you posted your rate on another thread. If that is your normal rate it probably isn't worth going LTD. I can't remember if you said it was just a fill in one just to work for a couple of weeks. I won't mention numbers because peoples rates are not for public discussion but I would check that.

Have you calmed down yet?

[psychocandy]

How on earth can you even begin to be confident about starting your own limited when you do don't know the absolute bottom line, most basic of things about the most important aspect of your work?? You have been here long enough to see the posts, be aware of the newbies guides and so on. I really am speechless.

Re-read the newbies advice and all the stuff on the right about setting up LTD's and then search for Psychocandy and read every one of his posts. If you can't be bothered to research it you will find an answer there.

NLUK,

You normally have a go at me but I'm not that bad anymore !!!!

[psychocandy]

Generally yes but this is staggering. From a first time poster or first contract person I could understand but

Just to show that I am a warm lovelable charismatic person though here are links to the newbies guides that are two inches to the right that explain ALL this in a good level of detail..

Contractor guide. Read down to the bit about contractor money where there are three articles on this exact topic

Limited Companies - Contractor Ltd Co Guides :: Contractor UK

Thats pretty good for you NLUK. Careful now people might think you;re nice !!!

[psychocandy]

Paying yourself low salary, maximising expenses and paying yourself in dividends is THE reason to go limited.

If you didn't know about dividends, like your question about "how do I live off £7k" indicates, why did you want to start a Ltd company?

Now thats an idea. Tell me Mrs the contract rate is so crap all the money we've got is 7K a year and we gotta live on that. Then quietly build up a nice warchest she doesnt know about! Not to keep it from her but money tends to burn a hole in her pocket.... :-(

[jmo21]

Now thats an idea. Tell me Mrs the contract rate is so crap all the money we've got is 7K a year and we gotta live on that. Then quietly build up a nice warchest she doesnt know about! Not to keep it from her but money tends to burn a hole in her pocket.... :-(

Not sure how you get that from what I posted.