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Am i employed or self employed?
I'm about to apply for a personal loan and want to answer the form confidently.
I am the managing director of a company in which i own 50% of the shares. I receive a salary and have a contract and also receive dividends.
I know when i bought my home the broker said i'm classed as self employed by mortgage lenders, but google searches (i know!) suggest i'm employed.
Can anyone help?
I am the managing director of a company in which i own 50% of the shares. I receive a salary and have a contract and also receive dividends.
I know when i bought my home the broker said i'm classed as self employed by mortgage lenders, but google searches (i know!) suggest i'm employed.
Can anyone help?
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Comments
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Do you pay tax on your salary?0
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Legally you are employed but for certain things, eg mortgages, banks will treat you in the same way as a self employed person4
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You are an employee of a company, which you happen to own a share of.
In addition to your salary, you have additional private income by virtue of your dividends.No free lunch, and no free laptop
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Agree with macman, you are employed.1
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