Can I continue to take a salary ?

[psychocandy]

Can you voluntarily stop working (so I suppose you shouldn't get a salary) and keep getting dividends every year from the profit retained in the company since you started contracting, ie, kind of using the company as a pension until the money runs out?

Whats the point in that?

If the profit is there to take and theres no more going in, why not just take it all out in one dividend and stick it in a personal savings account?

Obviously, if your earnings for the year push you into a higher bracket, then there is mileage in taking 40K or so out every year (assuming no other income) to ensure you stay below.

How much are we talking here BTW?