Mortgage for owners of a limited company

Richard_Overton_2911

ACG wrote: »

At least I am entitled to all of the same benefits as someone who is employed, oh hang on....SMP, statutory redundancy pay - pretty sure neither of those are open to me, despite paying the same tax rates as everyone else. Not that I am bitter about it.

That's good considering many Ltd Companies avoid paying National Insurance by keeping their wages below £155 per week. Sole traders pay their full NI . Always makes me laugh when Ltd co directors whinge about the state of the NHS etc but do their best to avoid paying their way..

Just to add ,I'm self employed, don't run as a ltd company and have been for over 30yrs and happy to pay my full dues for the services I believe we all want and most need. Its a novel concept I know but its a Sad state when everyone wants the public services but few want to pay for them.
This is a general point and not having a go at you because you clearly posted "Not that I'm bitter about it"...:)

ACG

I dont have a problem paying taxes, I am all for it. Although just to add, I have not touched the NHS for probably 3 years (I went to the GP for an inhaler, which was more or less the same price on prescription as if I had just bought one from boots) and prior to that I cant remember the last time.

My issue is not paying taxes, I would pay more if it would help to sort the NHS out and get a few more police on the streets, my issue is paying the same taxes as someone else but not getting the same benefits.

dunstonh

That's good considering many Ltd Companies avoid paying National Insurance by keeping their wages below £155 per week. Sole traders pay their full NI . Always makes me laugh when Ltd co directors whinge about the state of the NHS etc but do their best to avoid paying their way..

Not quite true.
The self employed now get the full state pension entitlement. And when Hammond said he wanted to up NI for the self employed, they kicked up such a stink he backed down. The average NI increase was 41p a week. Yet the average state pension increase is over £40 per week. The self employed still pay lower NI than employed.

What was also funny was the number of directors of limited companies that thought they were self employed and were moaning about it. Despite company directors not paying a penny in NI (assuming their accounts are done correctly)