Hi,

I have been looking through old posts to this group relating to CS2
and working as a company director, some of which I found here:

http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active

What I would like to know is whether these threads present information
that is still correct? Can a director still receive a salary just
large enough to require NICs and draw the remainder as dividends
without the dividend payments being treated as income? Also a figure,
or threshold, of £65k was mentioned before the dividend payments would
be classed as income (?); Is this correct?

The company I am about to register will have 2 directors (myself + 1
other) with each director likely holding 50% of the shares (although
if it makes any difference I will take only a 49% stake) and the
opening balance on the books will probably be around £25k.

Thanks.

PS. For those who like casting moral judgments on CSA avoidance
questions :) my purpose here is not to avoid financial responsibility.
The PWC is (AFAIK) on income support so I would rather pay as little
as possible to the CSA and then save an equal or greater amount
elsewhere for the child.

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Hi Fletcher

Does this also work for self employed only (not limited company) ie.
if my wife is self employed?

cheers
John








On 20 May, 17:17, "Fletcher"  wrote:
> Doubt if anyone will rake through old threads to fully answer, I would
> suggest you ask very specific questions of this group.
>
> I understand your forming a limited company and working as an employee
>
> This is no protection at all from CSA and is little different from working
> for any other company if fact its worse as if you decided not to comply they
> simply hit you with a DEO and as a company you must comply, further if they
> want to they can demand your accountant tells them everything about you and
> he must comply or he's breaking the law.
>
> A much safer and controllable method is as a sole trader but then you don't
> have the protection of a Limited company but you have full control of
> everything, provided you do the accounts yourself and don't use an
> accountant and CSA must always deal exclusively with you and they can't hit
> you with a DEO.
>
> I essence they'll want their percentage, and they deal will thousands of
> LTD's so they know every way you can carve it up.
>
> If you really want to know how to totally shaft them get your wife to set up
> the company, can be Ltd (if you get in a third party as secretary as it cant
> be you), she runs it, she's the director, she gets all the wages and that
> coud be 5k or 10k or whatever a month, it's hers and you become house
> husband, you have nothing officially to do with her company your not a
> director or even an employee, you don't ever get paid a penny from the
> business but of course you can 'help out' 18 hours a day if you like but
> just always remember that you wife gives you house keeping money only and
> never payment for work. Basically she's the bread winner, the owner and she
> pays the tax on her wages. That way you get nil assessed and have a zero
> liability and they have no rights to ask anything at all about your wife.
> This works and is practiced by some and it's 100% legal.
>
> Also means your Ex has to come to a private agreement with you or she gets
> absolutely nothing.
>
> If your Ex is on benefits she would only get a tanner anyway but this way,
> you can give the kids as much as you like, give it directly to the kids and
> not to her and she doesn't even have to declare it.
>
> and the beautiful thing is you can tell CSA to go and play with themselves
> and their is nothing they or your Ex can do about it.
>
> Just always remember all money is paid to your wife, you only get house
> keeping from her
>
> "John"  wrote in message
>
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>
> > Hi,
>
> > I have been looking through old posts to this group relating to CS2
> > and working as a company director, some of which I found here:
>
> >http://groups.google.co.uk/groups?as_q=cs2阩ꊵ犉ꥪ&num=10&sco...
>
> > What I would like to know is whether these threads present information
> > that is still correct? Can a director still receive a salary just
> > large enough to require NICs and draw the remainder as dividends
> > without the dividend payments being treated as income? Also a figure,
> > or threshold, of £65k was mentioned before the dividend payments would
> > be classed as income (?); Is this correct?
>
> > The company I am about to register will have 2 directors (myself  1
> > other) with each director likely holding 50% of the shares (although
> > if it makes any difference I will take only a 49% stake) and the
> > opening balance on the books will probably be around £25k.
>
> > Thanks.
>
> > PS. For those who like casting moral judgments on CSA avoidance
> > questions :) my purpose here is not to avoid financial responsibility.
> > The PWC is (AFAIK) on income support so I would rather pay as little
> > as possible to the CSA and then save an equal or greater amount
> > elsewhere for the child.

On Sun, 20 May 2007 17:17:42 +0100, "Fletcher"
 wrote:

>
>Doubt if anyone will rake through old threads to fully answer, I would 
>suggest you ask very specific questions of this group.
>
>I understand your forming a limited company and working as an employee
>
>This is no protection at all from CSA and is little different from working 
>for any other company if fact its worse as if you decided not to comply they 
>simply hit you with a DEO and as a company you must comply, further if they 
>want to they can demand your accountant tells them everything about you and 
>he must comply or he's breaking the law.

From FNF, "There should be no need for the CSA to see the Limited
Company's accounts. Their only duty is to assess your income; they are
likely to ask your accountant for confirmation of income for proof. If
you pay yourself a wage the CSA will get the details via the
Contributions Agency."

I understand what you are saying Fletcher, so I shall be a little more
specific as you suggest, the information provided below is what the
CSA or anyone else for that matter would be able to access via
Companies House):

There is to be a limited company formed as follows:

- There will be 2 directors (me + 1 other, family member not partner)
and a company secretary (accountant). The second director will not be
drawing a salary)
- Initial investment capital of £25K (This may be in the form of a
directors loan to the company and is not included in the figures
below)
- Initial capital assets of approx £10k
- I will be working as a contractor (for the most part outside of
IR35, although some contracts will likely place me squarely within
IR35)

Based on a relatively slow first year (all outside of IR35 during this
period) financial estimates on ready-to-go contracts are as follows:

- My salary £6,000
- Legitimate section 98 expenses £3,000
- Pension contributions £2,000
- Other income £0
- Dividend percentage at 50% (or possibly 49%)

Company Income
- Contract revenue £41,250
-  Other income £0
-  Total revenue £41,250

Company Expenditure
- Expenses £3,000
- Employers N.I. on salary £102
- Salary £6,000
- Pension contributions £2,000
- Total expenditure £11,102
- Company profit £30,147
- Corporation tax £6,029
- Distributed profits £24,118

Tax Calculations
- Taxable Income (salary + net dividend) £18,059
- Employees NI £88
- PAYE £77
- Additional tax on dividends (1st share) £0
- Additional tax on dividends (2nd share) £0

Personal Income
- Net Annual Income £29,952  (salary + dividends)
- Net Monthly Income £2,496 (averaged from salary + dividends)

For purposes of maintenance on CS2 my income is £6k, as dividends are
exempt I believe. (?) Also, on the dividends there is no additional
tax, so even if they weren't exempt, they would not be classed as
taxable income???

Therefore based on the above my CSA payments should be nil rate or
£5p/w. Would that be correct?

Furthermore, are section 98 expenses treated as assessable income by
the CSA?

The reason that I suggested I would only take a 49% stake was because
I have read the 'intentional diversion of funds' argument, so I
thought that as the smallest shareholder this argument may not hold.
Additionally, as I would not be the sole director the surely some
protracted arguments that have been put forward by the CSA, such as a
single-person limited company being treated as self-employed and
assessed as if he/she and the company were one and the same in law (as
I believe has been the case with the CSA and definitely in general
law) would not hold weight?

Any thoughts?

Thanks.


>A much safer and controllable method is as a sole trader but then you don't 
>have the protection of a Limited company but you have full control of 
>everything, provided you do the accounts yourself and don't use an 
>accountant and CSA must always deal exclusively with you and they can't hit 
>you with a DEO.

Unfortunately operating as a sole trader is not appropriate in this
instance, for a number of reasons.

<remainder snipped>

On Sun, 20 May 2007 17:21:08 +0100, Marag Dubh  wrote:

>Fletcher is right; that is the very best and most effective way to 
>minimise payments.
>
>If it is you and someone else who is not your partner, then there is one 
>other tweek to do with declaring but not paying salary to yourself. 
>This has Corporation Tax implications, but *should* avoid CSA 
>liabilities until actually paid.

Can you tell me a little more about this please? (Or perhaps provide
me with a URI?)

Thanks.

>Marag

<snipped remainder of quoted post>

Doubt if anyone will rake through old threads to fully answer, I would 
suggest you ask very specific questions of this group.

I understand your forming a limited company and working as an employee

This is no protection at all from CSA and is little different from working 
for any other company if fact its worse as if you decided not to comply they 
simply hit you with a DEO and as a company you must comply, further if they 
want to they can demand your accountant tells them everything about you and 
he must comply or he's breaking the law.

A much safer and controllable method is as a sole trader but then you don't 
have the protection of a Limited company but you have full control of 
everything, provided you do the accounts yourself and don't use an 
accountant and CSA must always deal exclusively with you and they can't hit 
you with a DEO.

I essence they'll want their percentage, and they deal will thousands of 
LTD's so they know every way you can carve it up.

If you really want to know how to totally shaft them get your wife to set up 
the company, can be Ltd (if you get in a third party as secretary as it cant 
be you), she runs it, she's the director, she gets all the wages and that 
coud be 5k or 10k or whatever a month, it's hers and you become house 
husband, you have nothing officially to do with her company your not a 
director or even an employee, you don't ever get paid a penny from the 
business but of course you can 'help out' 18 hours a day if you like but 
just always remember that you wife gives you house keeping money only and 
never payment for work. Basically she's the bread winner, the owner and she 
pays the tax on her wages. That way you get nil assessed and have a zero 
liability and they have no rights to ask anything at all about your wife. 
This works and is practiced by some and it's 100% legal.

Also means your Ex has to come to a private agreement with you or she gets 
absolutely nothing.

If your Ex is on benefits she would only get a tanner anyway but this way, 
you can give the kids as much as you like, give it directly to the kids and 
not to her and she doesn't even have to declare it.

and the beautiful thing is you can tell CSA to go and play with themselves 
and their is nothing they or your Ex can do about it.

Just always remember all money is paid to your wife, you only get house 
keeping from her


"John"  wrote in message 
news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
> Hi,
>
> I have been looking through old posts to this group relating to CS2
> and working as a company director, some of which I found here:
>
> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>
> What I would like to know is whether these threads present information
> that is still correct? Can a director still receive a salary just
> large enough to require NICs and draw the remainder as dividends
> without the dividend payments being treated as income? Also a figure,
> or threshold, of £65k was mentioned before the dividend payments would
> be classed as income (?); Is this correct?
>
> The company I am about to register will have 2 directors (myself + 1
> other) with each director likely holding 50% of the shares (although
> if it makes any difference I will take only a 49% stake) and the
> opening balance on the books will probably be around £25k.
>
> Thanks.
>
> PS. For those who like casting moral judgments on CSA avoidance
> questions :) my purpose here is not to avoid financial responsibility.
> The PWC is (AFAIK) on income support so I would rather pay as little
> as possible to the CSA and then save an equal or greater amount
> elsewhere for the child.

Fletcher is right; that is the very best and most effective way to 
minimise payments.

If it is you and someone else who is not your partner, then there is one 
other tweek to do with declaring but not paying salary to yourself. 
This has Corporation Tax implications, but *should* avoid CSA 
liabilities until actually paid.

Marag



Fletcher wrote:
> Doubt if anyone will rake through old threads to fully answer, I would 
> suggest you ask very specific questions of this group.
> 
> I understand your forming a limited company and working as an employee
> 
> This is no protection at all from CSA and is little different from working 
> for any other company if fact its worse as if you decided not to comply they 
> simply hit you with a DEO and as a company you must comply, further if they 
> want to they can demand your accountant tells them everything about you and 
> he must comply or he's breaking the law.
> 
> A much safer and controllable method is as a sole trader but then you don't 
> have the protection of a Limited company but you have full control of 
> everything, provided you do the accounts yourself and don't use an 
> accountant and CSA must always deal exclusively with you and they can't hit 
> you with a DEO.
> 
> I essence they'll want their percentage, and they deal will thousands of 
> LTD's so they know every way you can carve it up.
> 
> If you really want to know how to totally shaft them get your wife to set up 
> the company, can be Ltd (if you get in a third party as secretary as it cant 
> be you), she runs it, she's the director, she gets all the wages and that 
> coud be 5k or 10k or whatever a month, it's hers and you become house 
> husband, you have nothing officially to do with her company your not a 
> director or even an employee, you don't ever get paid a penny from the 
> business but of course you can 'help out' 18 hours a day if you like but 
> just always remember that you wife gives you house keeping money only and 
> never payment for work. Basically she's the bread winner, the owner and she 
> pays the tax on her wages. That way you get nil assessed and have a zero 
> liability and they have no rights to ask anything at all about your wife. 
> This works and is practiced by some and it's 100% legal.
> 
> Also means your Ex has to come to a private agreement with you or she gets 
> absolutely nothing.
> 
> If your Ex is on benefits she would only get a tanner anyway but this way, 
> you can give the kids as much as you like, give it directly to the kids and 
> not to her and she doesn't even have to declare it.
> 
> and the beautiful thing is you can tell CSA to go and play with themselves 
> and their is nothing they or your Ex can do about it.
> 
> Just always remember all money is paid to your wife, you only get house 
> keeping from her
> 
> 
> "John"  wrote in message 
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>> Hi,
>>
>> I have been looking through old posts to this group relating to CS2
>> and working as a company director, some of which I found here:
>>
>> http://groups.google.co.uk/groups?as_q=cs2+limited+company&num=10&scoring=r&hl=en&as_epq=&as_oq=&as_eq=&as_ugroup=uk.gov.agency.csa&as_usubject=&as_uauthors=&lr=&as_drrb=q&as_qdr=&as_mind=1&as_minm=1&as_miny=1981&as_maxd=20&as_maxm=5&as_maxy=2007&safe=active
>>
>> What I would like to know is whether these threads present information
>> that is still correct? Can a director still receive a salary just
>> large enough to require NICs and draw the remainder as dividends
>> without the dividend payments being treated as income? Also a figure,
>> or threshold, of £65k was mentioned before the dividend payments would
>> be classed as income (?); Is this correct?
>>
>> The company I am about to register will have 2 directors (myself + 1
>> other) with each director likely holding 50% of the shares (although
>> if it makes any difference I will take only a 49% stake) and the
>> opening balance on the books will probably be around £25k.
>>
>> Thanks.
>>
>> PS. For those who like casting moral judgments on CSA avoidance
>> questions :) my purpose here is not to avoid financial responsibility.
>> The PWC is (AFAIK) on income support so I would rather pay as little
>> as possible to the CSA and then save an equal or greater amount
>> elsewhere for the child. 
> 
>

Hi Fletcher

Does this also work for self employed only (not limited company) ie.
if my wife is self employed?

cheers
John








On 20 May, 17:17, "Fletcher"  wrote:
> Doubt if anyone will rake through old threads to fully answer, I would
> suggest you ask very specific questions of this group.
>
> I understand your forming a limited company and working as an employee
>
> This is no protection at all from CSA and is little different from working
> for any other company if fact its worse as if you decided not to comply they
> simply hit you with a DEO and as a company you must comply, further if they
> want to they can demand your accountant tells them everything about you and
> he must comply or he's breaking the law.
>
> A much safer and controllable method is as a sole trader but then you don't
> have the protection of a Limited company but you have full control of
> everything, provided you do the accounts yourself and don't use an
> accountant and CSA must always deal exclusively with you and they can't hit
> you with a DEO.
>
> I essence they'll want their percentage, and they deal will thousands of
> LTD's so they know every way you can carve it up.
>
> If you really want to know how to totally shaft them get your wife to set up
> the company, can be Ltd (if you get in a third party as secretary as it cant
> be you), she runs it, she's the director, she gets all the wages and that
> coud be 5k or 10k or whatever a month, it's hers and you become house
> husband, you have nothing officially to do with her company your not a
> director or even an employee, you don't ever get paid a penny from the
> business but of course you can 'help out' 18 hours a day if you like but
> just always remember that you wife gives you house keeping money only and
> never payment for work. Basically she's the bread winner, the owner and she
> pays the tax on her wages. That way you get nil assessed and have a zero
> liability and they have no rights to ask anything at all about your wife.
> This works and is practiced by some and it's 100% legal.
>
> Also means your Ex has to come to a private agreement with you or she gets
> absolutely nothing.
>
> If your Ex is on benefits she would only get a tanner anyway but this way,
> you can give the kids as much as you like, give it directly to the kids and
> not to her and she doesn't even have to declare it.
>
> and the beautiful thing is you can tell CSA to go and play with themselves
> and their is nothing they or your Ex can do about it.
>
> Just always remember all money is paid to your wife, you only get house
> keeping from her
>
> "John"  wrote in message
>
> news:5jd0535bovqnsc89r85pgr2mr4t143br94@4ax.com...
>
> > Hi,
>
> > I have been looking through old posts to this group relating to CS2
> > and working as a company director, some of which I found here:
>
> >http://groups.google.co.uk/groups?as_q=cs2阩ꊵ犉ꥪ&num=10&sco...
>
> > What I would like to know is whether these threads present information
> > that is still correct? Can a director still receive a salary just
> > large enough to require NICs and draw the remainder as dividends
> > without the dividend payments being treated as income? Also a figure,
> > or threshold, of £65k was mentioned before the dividend payments would
> > be classed as income (?); Is this correct?
>
> > The company I am about to register will have 2 directors (myself  1
> > other) with each director likely holding 50% of the shares (although
> > if it makes any difference I will take only a 49% stake) and the
> > opening balance on the books will probably be around £25k.
>
> > Thanks.
>
> > PS. For those who like casting moral judgments on CSA avoidance
> > questions :) my purpose here is not to avoid financial responsibility.
> > The PWC is (AFAIK) on income support so I would rather pay as little
> > as possible to the CSA and then save an equal or greater amount
> > elsewhere for the child.

On Sun, 20 May 2007 17:17:42 +0100, "Fletcher"
 wrote:

>
>Doubt if anyone will rake through old threads to fully answer, I would 
>suggest you ask very specific questions of this group.
>
>I understand your forming a limited company and working as an employee
>
>This is no protection at all from CSA and is little different from working 
>for any other company if fact its worse as if you decided not to comply they 
>simply hit you with a DEO and as a company you must comply, further if they 
>want to they can demand your accountant tells them everything about you and 
>he must comply o