Originally posted by missinggreenfields
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Previously on "Wife as a secretary or assistant or company director"
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Originally posted by ruasonid View PostA stipend?
So stipend can be paid by invoice or through payroll.
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One positive thing, as you utter your last mortal breath on your death bed you can say to yourself 'Phew, got away with it' and let the wife fret about it.
That's if they've not got you by then.
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Originally posted by SueEllen View PostThat's if HMRC both to check up.
Though your accountant will probably say "No" and drop you as a client before that.
So I'll stick with the advice from experts, thanks, rather than the drivel posted here.
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Originally posted by missinggreenfields View PostAccording to SueEllen you're going to get done for tax evasion then.
Unless her posts are a load of codswallop in this matter.
Though your accountant will probably say "No" and drop you as a client before that.
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Originally posted by Jog On View PostSo do I, what I was getting at was if it's possibvle to pay into my wife's SIPP as well if she's a company officer. Which I thought was a bit of a long shot (but worth asking), however if I got her doing some work and paid her a salary that might change.
So my understanding is:
company officer (no salary) - no pension contributions
salaried employee - yes to pension contributions (up to 40k/year?)
She already has a part time job with a salary so it would be complicated...
If she is paid for that work then there is nothing to prevent the company from additionally paying into a pension plan for her directly.
So if the company pays her for the legal responsibilities that she has taken on, then the company can also pay into the pension plan for her - so get her £40k stashed away.
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Originally posted by Fred Bloggs View PostMyCo doesn't run a pay roll. But I do pay divis. And I pay into my SIPP from MyCo.
Unless her posts are a load of codswallop in this matter.
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Originally posted by SueEllen View PostActually HMRC will count that as tax avoidance.
You can only pay into pension plans of people that are on the company pay roll.
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Originally posted by Jog On View PostI'm only interested in paying the spouse 40k pension paymens a year without having to pay the 8k salary. My justification would be that I take my lead from our esteemed politicians who lead with their actions.
The legality is what I'm concerned with.
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Originally posted by northernladuk View PostI thought there was some issue around HMRC not looking very favourably on paying a spouse 8k a year and then giving them 40k pension payments? I would have thought that would have been very difficult to justify to them for fairly obvious reasons.
The legality is what I'm concerned with.
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Originally posted by Jog On View PostI'll ask my accountant - because another £40k/year into the family retirement pot offset against CT without having to pay a salary would be rather good - probably too good to be true but if David Cameron can get away with being in the Panama papers whils being an acting prime minister I suppose anything is possible...
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Originally posted by Fred Bloggs View PostI understand that if your wife is simply Co Sec then a company SIPP contribution would be frowned upon by HMRC. But it is certainly worth investigating further I would have thought.
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Originally posted by Jog On View PostSo do I, what I was getting at was if it's possibvle to pay into my wife's SIPP as well if she's a company officer. Which I thought was a bit of a long shot (but worth asking), however if I got her doing some work and paid her a salary that might change.
She already has a part time job with a salary so it would be complicated and expensive...
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