Change in lifestyle and ramifications of going PERM

[CraigC]

Hi All and thanks in advance.

I have been contracting for 30 years as a Technical Writer. I have just enjoyed a year off, which is one of the many reasons that I contracted for all these years, freeeedom. Sure you understand.

I'm looking at going permanent for a few reasons. There are contracts, but the mid range contract rate for Techwriters/Testers and alike makes contracting less attractive with new tax implications.
Along with that, I've see some interesting permanent roles, so feel pretty positive to jump into the world of 'commitment'.

My questions:

When I go permanent, what will I need to do with my limited company?
Any of you good folk gone dormant?
Or should I close it down? I just don't fancy all the EOY, accountancy fees etc.
And what is the most tax efficient thing to with the capital in company account.... about 30K after this years coorp tax and EOY?
I'm guessing, soon as I start new perm role, stop paying a salary for company.

Any advice on the above greatly appreciated.
thanks
Craig

[Manic]

Speak to your accountant is the first piece of advice.

You could consider making a pension payment of the remaining equity then close down the company.

[stek]

Don't do it.....

[NigelJK]

If there are no creditors then request the company is struck off by Co House. If hmrc are the only creditors it is still possible but you have to write to them (Google it)

[tarbera]

redundancy payment

capital in company account.... about 30K

£30K - Free Money

[fullyautomatix]

Sigh..another one post wonder.

Tell me Craig, have you ever seen a fat lazy contractor naked?