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Please help :-)
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Yes I'm a director of my company i allways think of myself as self employed :-(
Many do. However, you are not. You pay a different class of NI and historically (but due to change soon) you qualify for the state pension differently. Plus, there are different ways to pay into the pension which could be more beneficial than a self employed person.Would it help also as my wife is also a director in name only and does not "work" elsewhere
Yes.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
So, you are not self employed and both you and your wife can have pensions paid for by your company and save on tax, NI and also lower your company's corporation tax.
Talk to an IFA and your accountant asap and set one up.0
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