Hi,
I am an IT contractor operating via a Ltd Company.
In order to slide the 15 month earnings period forward to hit an extension sweet spot date for future ILR purposes - can I pay myself dividends from retained earnings long after having stopped receiving payments from clients ?
For example, if I want to go for renewal not before March 2014, but may not have a contract after Nov-2013, is it okay to retain earnings and pay myself a dividend in March-2014 ? So that my 15 month pervious earning period ends in March-2014.
I understand I will still need to have earned the monies in a continous 12 month period in the 15 month window.
Thanks in advance for replies.
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