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Recent content by AndyT
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Pay director/shareholder wife pension in lieu of a salary?
Yep, I guess most of you started with one like me though? :happy As you suggest there will be other clients. Hopefully my next contract will be more clearly outside of IR35 and I won't need to be quite so cautious.- AndyT
- Post #19
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks Sue, yep that would be ideal, but as I mentioned in my first post, from what I know of how my prospective client works, it looks like I would be at risk of being inside IR35 or at best being on the margins of doing so. If I can get to a position where IR35 ceases to be a concern anyway...- AndyT
- Post #17
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks Sue, from everything I have seen so far (and I'm still learning obviously) pensions may have something to do with IR35 if you use them as a method of tax planning. Company Pension contributions appear to be deemed as within the 95% salary that IR95 requires. One could therefore...- AndyT
- Post #15
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks for that, yep Gorilla and some of the other FreeAgent accountants are on our short list.- AndyT
- Post #13
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks for that, to be clear I wasn't looking for advice on here that I would just blindly follow. I was looking more for what other contractors out there do, and who helped them set it up. So I know the scope of what's possible and some candidate accountants. I am completely, 100% looking to...- AndyT
- Post #11
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
She is an accountant who is a Fellow Member of the AAT (one of the first in fact) and ACIE qualified to carry out Independent Examinations of Charity Accounts in the UK (up £1m turnover from memory). Why do you ask? I'm not sure what bearing any that has on whether our company can pay her a...- AndyT
- Post #8
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks very much Cirrus. As I understand it from what I've read so far, her remuneration would certainly be limited to what "market rate" is for what she was doing for the company at that point. I'm just not sure if that can be solely pension contributions or if she would need to be paid a...- AndyT
- Post #6
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Thanks both for replying. Always nice to see a forum that makes new posters feel welcome. :ohwell To be very clear we are looking for a contractor specific accountant now, but we are at a very early stage (I don't even have a contract as yet) and as much as anything looking for an understanding...- AndyT
- Post #5
- Forum: Accounting / Legal
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Pay director/shareholder wife pension in lieu of a salary?
Hi all, First time poster, so go easy on me. :grin I'm about to return to contracting after a 20 year break and am looking at how best to remunerate myself and my wife. We will obviously chat to an accountant about all this but we are at the very early stages of working out how this might...- AndyT
- Thread
- Replies: 24
- Forum: Accounting / Legal
