10 Quid Minimum wage and Ltd Companies

[MarillionFan]

So I was intrigued by this. Labour would like to push the horly rate up to a tenner an hour. On 40 hours per week, you could say that was 20k

If I work Fulltime for my Ltd and only pay myself 10k a year, then that's less than the minumum wage.

Should I sue my own Ltd???

[SueEllen]

Yep. Your employer is a miser!

[Paddy]

So I was intrigued by this. Labour would like to push the horly rate up to a tenner an hour. On 40 hours per week, you could say that was 20k

If I work Fulltime for my Ltd and only pay myself 10k a year, then that's less than the minumum wage.

Should I sue my own Ltd???

£10 per hour is a reasonable minimum wage when employing someone in an affluent city considering the cost of a short commute to work and back will cost around £8.00 these days.

[DimPrawn]

You won't be working as there will be no paid work, being a director and an employee would be illegal (Everyone in Korbyn land is an employee by law), you would need at least 10 union reps in your company, corp tax would be 35% and paying an employee like you an dividend would be illegal. An to cap it all you'd probably have to go on strike in protest.

HTH BIDI

[BlasterBates]

Tories to exempt highest earners from any income tax hikes | The Independent

Was it David Cameron who famously said.

"It's not a question whether we make the rich richer or the poor poorer, I think we can do both"

[AtW]

"It is our firm intention to reduce taxes for ordinary working families"

Thst means increasing taxes on non-ordinary or not-working or not families

[vetran]

"It is our firm intention to reduce taxes for ordinary working families"

Thst means increasing taxes on non-ordinary or not-working or not families

Cheer up just make Suzie the Squirrel into Mrs Atw yu know you want to.

[AtW]

Cheer up just make Suzie the Squirrel into Mrs Atw yu know you want to.

Suzie got more nuts than me, so that's a no...

[Mordac]

So I was intrigued by this. Labour would like to push the horly rate up to a tenner an hour. On 40 hours per week, you could say that was 20k

If I work Fulltime for my Ltd and only pay myself 10k a year, then that's less than the minumum wage.

Should I sue my own Ltd???

No, but Comrade Corbyn's govt will sue you, and as a Director you should expect 20 years hard labour (no pun intended). Don't worry mate, I'll come and visit you in the Gulag...

[NickFitz]

https://www.gov.uk/national-minimum-...e-minimum-wage