On the bench - keep warchest to pay salary or splunk it all on dividendand claim JSA?

[Pondlife]

I've always thought of shares in myco as similar to shares in any other business. If i had 100k in bt shares say, that would rule out claiming benefits. Ditto if myco's net asset value is hugely positive.

If you're genuinely struggling then by all means claim jsa, but doing it when you have sizeable amount of cash in the business seems dubious to me, and doing it when you have no intention of taking even suitable work as the other bloke advised is reprehensible.

WDS.

NLUK has posted a link in the other thread that states LtdCo is an asset like any other.

[northernladuk]

WDS.

NLUK has posted a link in the other thread that states LtdCo is an asset like any other.

This one.

[MicrosoftBob]

If all citizens and corps paid a fair amount (rather than all these tiered amounts between 20-50%) then overall we would be far better off IMO. I don't feel it is justified to tax somebody 40% let alone 50% no matter how much they earn.....

It irks me when even here people leave off the NI, it's not 40%, thenit's really 52%!

[Gym beast]

You posted advising how you go about claiming benefits when you have no intention of working. Aside from being fraud i.e. illegal (and if you're caught that will be a problem for your contracting career) the attitude itself gives contractors a bad name. No amount of random italicisation will change that.

I hope you are caught. Why should I pay my taxes to keep lazy tulipes like you in comfort?

Ok you're off 'Ignore'. Now, to answer your question...


Because there's sweet FA you will do about it.


But console yourself by writing up a nice email to your MP, explain to him how fastidiously you adhere to IR35 regs, and how loyally you ensure that none of your 10 posts a day, over the last 4 years, have been posted, composed or even thought up during billable hours.


I imagine his advice to you will be a nice, polite version of what I'd advise you to do with your fake indignation.