I'm an IT contractor and will soon move to a Limited Company structure, for which I will need a co-director.
I am considering choosing my father, who has recently retired (early, at 62).
Are there any implications (on his pension or tax liability) in him becoming a co-director? The directorship if of course a formality and he will have no involvement int he company (which itself is merely the legal structure within I which I will operate as a contractor).
Thanks in advance