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Permanent position while running ltd company..

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O_Relly
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Joined: Mon May 23, 2011 5:22 pm

Permanent position while running ltd company..

Post by O_Relly » Mon Sep 17, 2012 12:09 am

Hello,

I currently have my own limited company and was contracting, and have now accepted a permanent position, but also plan to retain the company, where I am drawing a monthly salary.

Now, should I just let my auditor know and not take a salary from the limited company, but remain as director and share holder and be eligible for dividend payouts ?

What are the implications in terms of NI / tax payments. How does this work? What is the best thing to do in this situation?

Kindly advice,
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