> But they would be being 'paid' perhaps double the employee rate. Paying yourself and spouse with dividends (20% tax) rather than a salary, taking lots of business expenses, and withholding income until needed.
Dividends only save NI rather than tax as only first 2K is tax free, then its' 7.5% to the end of the lower rate band, and then something else in the higher one (andahdn as they come from profits corporation tax has already been paid on them)
Real savings come from avoiding NI, and having partners as co-employees / directors / shareholders so the 'income' can be split between two people rather than one
Offshore companies and gold bars is ripe for HMRC taking a closer look
Dividends only save NI rather than tax as only first 2K is tax free, then its' 7.5% to the end of the lower rate band, and then something else in the higher one (andahdn as they come from profits corporation tax has already been paid on them)
Real savings come from avoiding NI, and having partners as co-employees / directors / shareholders so the 'income' can be split between two people rather than one
Offshore companies and gold bars is ripe for HMRC taking a closer look