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Dividend splitting between married couples is perfectly legitimate. Granted it goes back to earlier days when married couples were treated as a single tax entity but you may as well use all the advantages you can get.
However you need to be married for it to work so that rules you out MF.
Well until after July 2013 next year at which point I'll be perm anyway.
So to your previous inference that she looks after the children when they're sick, actually she just looks after the children and is a stay at home mum. Nice work if you can get it.
Whats does Mrs SB do for her £14k in divis? I don't pay Mrs MF from my Ltd but we have all savings/investments/rental income in her name set up to a tax free allowance.
Dividend splitting between married couples is perfectly legitimate. Granted it goes back to earlier days when married couples were treated as a single tax entity but you may as well use all the advantages you can get.
However you need to be married for it to work so that rules you out MF.
If the Ltd was paying a salary, that would be relevant. But she is a shareholder.
And within the context of a family business she shoulders more than her share of child care responsibilities ti enable me to keep turning up at client site.
So to your previous inference that she looks after the children when they're sick, actually she just looks after the children and is a stay at home mum. Nice work if you can get it.
If the Ltd was paying a salary, that would be relevant. But she is a shareholder.
And within the context of a family business she shoulders more than her share of child care responsibilities ti enable me to keep turning up at client site.
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