Hello Friends,
I've recently moved to UK along with my wife, new to the country rules, and therefore, seeking your help in some areas. I've got a contract for a month beginning Nov 25 and then I've been offered a Full-Time job I have to start in last week of December. I've opened a Limited company for this contract and I'm the sole director and share holder. I will join this full time position in Dec end and I request you to help me in the following areas:-
Q1. Assuming that this short contract gets me around 5000 GBP, what is the minimum amount I should pay myself as salary and how much should I pay as divident and at what intervals (i.e. one time or every month)?
Q2. My wife has a Tier 1 dependent visa. Is she eligible to work on a contract using my Limited company? Should I be adding her as a shareholder of the company?
Q3. Under what circumstances should I continue to keep this company open and when should I consider closing this company?
Thank you in advance!
Regards,
Sunny
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