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    #11
    Originally posted by Badger View Post
    Before I start trawling the HMRC websites, I'm curious to know what, if any benefits I could claim as a minimum wage director?
    Child support
    Cheap prescriptions
    Child Care vouchers
    Partial Funding for your first degree
    State pension
    Free GPs
    Free hospitals
    Cheap dentists


    What more do you want!?
    The Mods stole my post count!

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      #12
      Originally posted by Badger View Post
      Before I start trawling the HMRC websites, I'm curious to know what, if any benefits I could claim as a minimum wage director?

      Does anyone claim for things like working tax credit/housing/ etc

      Resign as a director and make your mum/aunt etc a director. Put the shares in trust for your dog. Your are now an employee.
      "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

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        #13
        I presume you'll be able to stop paying your ex child support money too ?

        If she's anything like mine, that'll make her reconsider giving up the kids even for a few days

        Comment


          #14
          Originally posted by Badger View Post
          Before I start trawling the HMRC websites, I'm curious to know what, if any benefits I could claim as a minimum wage director?

          Does anyone claim for things like working tax credit/housing/ etc
          Working families tax credit takes into account dividends as well as salary. I'm sure that if you didn't take any dividends, then there are plenty of things that you could claim for.
          Best Forum Advisor 2014
          Work in the public sector? You can read my FAQ here
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            #15
            Cant get nowt once you declare dividends. First time we claimed for child stuff i just declared my pittance and got a big cheque then realised i had to declare the divs, told them, and they took it back.

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              #16
              Thanks for the responses. I've already declared a dividend so looks like most things are out.

              Comment


                #17
                Of course, for working families tax credit, if you don't declare the dividend the first year, then when you do declare it, they just take it back over the next n years. I filled mine in the first year contracting, so didn't know what my income would be - so every year they write to let me know that I'm still paying back the credit I got paid.

                Interest free loan from the government - nice
                Best Forum Advisor 2014
                Work in the public sector? You can read my FAQ here
                Click here to get 15% off your first year's IPSE membership

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