self employed and employing your wife

tiger33

hi,i,am self employed and was thinking of letting my wife come into work with me,to tidy up and do a bit of labouring,i,m of the understanding i can pay her £95 a week without paying tax,is this right and could i take my 16 year old son in who,s stayed on at school in the same way,just so hes earning a bit of money for himself

BigMan

I did this when I had my own business as well.

However, if you employ your son and he is still at school, does the working regulations not apply differently
will you not loose loose child benefit?

suso

£95.00 is the point at which national insurance becomes due.
£124.00 is the point at which tax becomes due. (based on a normal code of 647L

System

BigMan wrote: »

However, if you employ your son and he is still at school, does the working regulations not apply differently
will you not loose loose child benefit?

Lots of 16 year old's have part time jobs whilst in full time non advanced education and Child benefit is not affected. Neither is entitlement to Educational Maintenance allowance - http://www.direct.gov.uk/en/EducationAndLearning/14To19/MoneyToLearn/EMA/DG_066951

See here for details of the Working time regulations for under 18's - http://www.direct.gov.uk/en/YoungPeople/Workandcareers/Yourrightsandresponsibilitiesatwork/DG_174530