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Recent content by MnF
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Goodwill amortisation and state pension
Hi, I have two questions regarding the incorporation of my dental practice: 1) If I take a minimum salary (of £7,000 approx), and the rest as dividens I will not be entitled to the state pension when I retire as I will not have paid any NIC, is this true? 2) When I incorporate I will sell my...- MnF
- Thread
- Replies: 2
- Forum: Accounting / Legal
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Minimum salary for a Limited company shareholder.
thanks, my wife does a large part of the admin, so does have a legitimate reason to have a salary. So just to clarify its not a red flag to HMRC to only pay ourselves £7000 salary and take the rest as dividends?- MnF
- Post #4
- Forum: Accounting / Legal
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Minimum salary for a Limited company shareholder.
Hi I am just in the process of changing from a sole trader to a Ltd Company, and I getting lots of conflicting advice. The main reason I am changing is that I was told that I can have myself and my wife as shareholders, pay ourselves a minimum salary (about £7000/year each) that will keep us...- MnF
- Thread
- dividends limited company salary
- Replies: 9
- Forum: Accounting / Legal
