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Well, I like to slightly reduce my gross salary for this personal tax year and wanted to push it into the next one.
So for e.g. 110000 company income (for 17/18) (the 95%) I like to take 10k as loan (from the 95% as well) to reduce the forecasted annual gross to 100k to avoid losing the half...
Hi there,
some background - I'm contracting though my Ltd. company. I work since the beginning within IR35 (IT consultancy) as I've worked for my current client in a permanent employment contract before.
Due to IR35 I know that I need to pay myself 95% of the companies income as PAYE whilst 5%...