As a director of a company I pay Class S rate of PRSI. This does not entitle me to "normal" SW benefits, but you may apply for means-tested allowances.
As I have never paid any other PRSI classes I assume this will affect my state pension (I am currently in my mid thirty's)
I work in the software industry as does a brother of mine who also run his own company (no current company relationships), Can we employ each other as employees and pay each other lets say €10K
Would this mean we can claim the extra tax PAYE credit?
Would this mean I can work up stamps for a state pension?
Personally this sounds like it would raise some eyebrow's of concern from both our accountants and the tax man, am I correct and for what reasons?
As I have never paid any other PRSI classes I assume this will affect my state pension (I am currently in my mid thirty's)
I work in the software industry as does a brother of mine who also run his own company (no current company relationships), Can we employ each other as employees and pay each other lets say €10K
Would this mean we can claim the extra tax PAYE credit?
Would this mean I can work up stamps for a state pension?
Personally this sounds like it would raise some eyebrow's of concern from both our accountants and the tax man, am I correct and for what reasons?