Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
To be honest I'd be happy to take a salaried job if one came along so I'm not that bothered about the two year restriction. I have asked my financial advisor about a pension payment however he didn't think it was either possible or a good idea, I don't specifically know why but I trust his...
I am hopeful of new contract work however I wouldn't be too bothered if I closed the company and had to start again later. I'm 50 so quite a bit away from pension age. The company account has roughly £60k in it. Continuing with salary payments and dividends that maintain income below higher tax...
Thanks, that does sound sensible. I think I'm paying around £1500 annual accountancy fees that I think is too much considering I'm not trading. If I could cut that out I'd be much happier to keep the company running incase work picks up again.
I operated as an engineering contractor on a ltd company basis for a number of years. The last contract I had ended two years ago and since then, due to the oil industry downturn, I have had no further contract work. I have not had any other form of income during this period apart from a very...