Hi,
After 5 years contracting through my limited company, I will soon be joining another company as an employee. In other words I will not be self-employed. There are funds in the limited company, so I was thinking with the upcoming budget sure to increase taxes .....
1. Should I pay some of the funds to myself as salary.
2. Can a director pay himself a once-off tax-free gift (I'm sure I've heard this somewhere before.
After 5 years contracting through my limited company, I will soon be joining another company as an employee. In other words I will not be self-employed. There are funds in the limited company, so I was thinking with the upcoming budget sure to increase taxes .....
1. Should I pay some of the funds to myself as salary.
2. Can a director pay himself a once-off tax-free gift (I'm sure I've heard this somewhere before.