Higher Rate and Take Home - What do you prefer?

[Eirikur]

Can't MrsF get £32k also? or is it a % of what you get in ratio to shareholding?

The latter

[TheFaQQer]

Can't MrsF get £32k also? or is it a % of what you get in ratio to shareholding?

She owns 20%, I own 80% so it's split in that ratio

[patrickbaitsman]

Not married yet, but can I get the gf to receive income and dividends or does it have to be a wifey thing?

[ASB]

Dividends are paid to shareholders. If she has shares she gets dividends.

but consider the settlements legislation which effectively means they could still be yours for tax purposes. Search income splitting and consider whether it is a route you may wish to follow.

[Sausage Surprise]

Not married yet, but can I get the gf to receive income and dividends or does it have to be a wifey thing?

First part - Yes
Second part - No

[bentropor84]

30% in 12 days

Never done it in past. Interest rates were just too crap to make it worthwhile.

Just looked at aldermore. Pretty good that you tie it in until a fixed term (i.e. until you need to pay CT). Only thing is you've got to stick it in in pretty much one go - you cant stick CT money in every month.

But I guess you could put a lump in and then use instant access one for the rest.

Still not sure if I can be bothered for the sake of £100 or so though.

Interest rates can be obtained by selling the big dollars in other countries do not pay taxes.
I sell dollars and get up to 30% in 12 days.

[bentropor84]

investments 30% in 12 days

investments sale of dollars in other countries. Where banks do not sell the currency because the dollar is not there. People buy dollars at 35% more expensive.
3000$ 12 days 20%
7000$ 12 days 25%
10.000 12 days 30%

[cojak]

Interesting.

Because you didn't get any bites with your first post, you thought you'ed sucker us in with a bigger worm.

Well I'm afraid to tell you that this is as far as your train goes, no PM rights for you!

[JoJoGabor]

First part - Yes
Second part - No

This isn't true. If you investigate the past cases (in particular Arctiv Systems) these cases have set a precedent that you cant pay a partner dividends unless you are married. I did a lot of research into this and took advice from my accountant and independent legal advice. Then got married

[TheFaQQer]

This isn't true. If you investigate the past cases (in particular Arctiv Systems) these cases have set a precedent that you cant pay a partner dividends unless you are married. I did a lot of research into this and took advice from my accountant and independent legal advice. Then got married

Yes, you can.

As long as you don't fall foul of the settlements legislation, you can pay dividends to whomever you like. (Actually, to be pedantic, you can still do that, but you may be taxed on it yourself rather than the individual).

Where you may hit issues is if you gift your shares merely as a right to income to your partner (or your children) in a way which is designed to avoid paying tax yourself.

Even with the "Arctic settled everything" claims that have been made ever since that case concluded at the HoL, it's still not as clear cut as all that.