Dear all,
A quick one. I have been having a limited company but now had to go via an umbrella. So will draw my salary from umbrella but no salary from the limited company (for tax purposes as umbrella salary is already in higher tax band) Wife will continue to take her salary from the limited company. I will still be an employee of the limited company. Is it ok not to have any salary from limited company but still remain an employee of it? Are there any other implications I am missing?
Many thanks!
A quick one. I have been having a limited company but now had to go via an umbrella. So will draw my salary from umbrella but no salary from the limited company (for tax purposes as umbrella salary is already in higher tax band) Wife will continue to take her salary from the limited company. I will still be an employee of the limited company. Is it ok not to have any salary from limited company but still remain an employee of it? Are there any other implications I am missing?
Many thanks!
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