Non Resident In UK But On UK Payroll

[NowPermOutsideUK]

And so my strategy has been to not take dividends but instead sell my shares in limited company A to company B and then treat the income as capital gains which are tax free in Switzerland and have no Uk tax element

I know eek raised her eyebrows at this but it is absolutely possible and...

[NowPermOutsideUK]

This is correct - no tax on dividends if resident outside the uk - however if you elect for this to take place you lose your 12.5k personal allowance

NAT: Please confirm you do still need to pay swiss tax on dividends (although they do come with a 7.5% tax paid already from the UK even...

[NowPermOutsideUK]

I looked into this carefully

Answer is:

Take a 12.5K UK salary OR
Take as much as like you like in dividends (not taxed in UK if you are non resident) but you lose your personal allownace

Plenty on this topic here https://www.accountingweb.co.uk/any-a...

[NowPermOutsideUK]

Please let us know how you get on. My previous experiences with ifas have not been good and seem to want to sell their funds only which of course they get a kickback on and refuse to talk about etfs

[NowPermOutsideUK]

Is it just me or have salaries really gone up - In the past (2010) I think a lot of people in finance thought of 100K as the magic number whereas now it seems quite a few people have reached 150K and it seems more normal. So is 150K the new 100K and are these jobs paying that as common as I think they...

[NowPermOutsideUK]

Do you find IFAs actually useful in structuring tax affairs ir do they simply try and sell you active fund equitity investments? i ve tried one before and they were trying to sell me equity investments rather than tax optimsation stuff...

[NowPermOutsideUK]

Banking normally one month notice which is the same as contracting at banks - Very unlikely you get garden leave in both...

[NowPermOutsideUK]

That changes things if it is 150 base plus 20% bonus plus 10% pension - the perm position wins - There are always sick days to take into account and generally being perm is safer but not by much. Are both roles in big corps? If yes the perm wins...

[NowPermOutsideUK]

So the perm offer is 120K base plus 30K bonus? If that is correct and you had 1K a day I would still go for the 1K a day. very interesting problem to have and I would love to know your specialism to get to these figures

Needless to say if there was an option from my calcs 700 per day...

[NowPermOutsideUK]

I previously asked about take home pay and contract vs perm and have spoken with the HR team who have said that they cannot do contract work and that I would need to be on the UK payroll although I could work remote if i needed to.

If I am on the UK payroll of a company and have my salary...

[NowPermOutsideUK]

Where can this Robert hall guide be found exactly please?

[NowPermOutsideUK]

Finally if you do decide to contract remember that swiss is expensive and 1200 CHF AKA 1000 GBP a day is normal and reasonable to charge

Good luck...

[NowPermOutsideUK]

Just bear in mind that Kanton Schwyz near Zurich will charge a tax rate of 10% on income of 200K CHF which means a massive left over disposable allowance

Before Covid there were regulars who would commute Monday to Friday and I suspect a lot of people stayed in the UK but were on swiss...

[NowPermOutsideUK]

Thank you Chimpmaster for as usual excellent insight and also thank you to northernlad -

I can do salary sacrifise which helps and your point about moving property to LTD is something which I have been working on for a while - People should realise that if they do move property to Ltd...

[NowPermOutsideUK]

Im still trying to evaluate the perm UK job market and spent a good few hours searching and landed on this thread to try and revive

Could someone please help me understand how 500 per day outside IR35 is anywhere close to 80K a year as a perm? I have never understood these numbers for...

[NowPermOutsideUK]

Yes a few times - There is a claim form, then the defendants submit their defence to narrow the issues and then there are witness statements from both sides and finally a skeleton argument from both sides which sets out the points they will verbally articulate and reference to case law which they rely...

[NowPermOutsideUK]

I had been a contractor for many years before I moved abroad. I ll keep the facts short straight and to the point

I have rental income of 75K in my personal name after deductions and expenses (There is also a bit of money coming into the Ltd I had from rental income owned by the company...

[NowPermOutsideUK]

I always thought FF charge a fee - Is that the case?

I ve had success with other fee free brokers ...

Would like to try FF if they only take the lenders commission rather than also a fee from me...