Originally posted by Spoiler
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Reply to: Child tax credit for a company director
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Previously on "Child tax credit for a company director"
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Originally posted by cosmic View PostSo the answer is no you get nothing if either of you earn over 50k and most build up money in company account and only pay themselves a modest salary+div.
Child benefit is different - if you or your partner earn less than £50k a year, you'll get the full amount. Between £50,000 and £60,000 and it's a sliding scale. over £60k an you get nada.
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Originally posted by cosmic View PostBit harsh from people replying on this forum.
It's in General and also have a look at the last lot of schemes he's thought up recently in his posting history.
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Bit harsh from people replying on this forum. But for your info You need to earn less than 50k in a given tax year. That is for you or your partner to claim in ctc
That includes any form of income as you noted. Most take salary + div below 35k factoring in any other income and most if possible have other half as an employee or shareholder and she does some work in the business (back office stuff).
So the answer is no you get nothing if either of you earn over 50k and most build up money in company account and only pay themselves a modest salary+div.
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Have you tried doing even a modicum of your own research or is this just another poorly thought out brain fart idea to rip HMRC off?
You know you need to have kids for this to work don't you?
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Child tax credit for a company director
Hi,
My income for the last year is based on the salary from the LTD, dividends, interest from banks savings and some income from rent.
Same for my other half.
I did a ChTC calculation, added all income, and it seems I can get some money.
Knowing most people here are on £8000 + divi, do you claim ChTC? Is this allowable - ChTC for a director?Tags: None
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