Employee of your own company?

[zathras]

Has anyone here set themselves up as an employee of their own company with a contract of employment etc...?

If you have...why did you make that decision?

Don't need to.

Employment contracts do not need to be written down, they can be implied. For your directorial duties you will be an Office Holder. When working at a client site on behalf of Your company you will be an employee of Your company.

[Euro-commuter]

If you are a limited co, you are automatically an employee albeit you are also the director. The only reason to waste time on a contract of employment is if you wanted to then break it and sue yourself for breach of contract.

How about if you then wanted to save in a pension by salary sacrifice? A contract before, and a less-well-paid contract after the pension contributions start, might help with the paper trail establishing that the Co paid the contributions corresponding to salary sacrifice (otherwise, the Co simply spent some money on behalf of the employee, so that money is subject to NICs).

[Kyajae]

Has anyone here set themselves up as an employee of their own company with a contract of employment etc...?

If you have...why did you make that decision?

If you are a limited co, you are automatically an employee albeit you are also the director. The only reason to waste time on a contract of employment is if you wanted to then break it and sue yourself for breach of contract.

[Vito]

Has anyone here set themselves up as an employee of their own company with a contract of employment etc...?

If you have...why did you make that decision?