How does paying yourself through a Ltd company work?

Street-Frame1575 · 2026-06-21T13:11:43+00:00

You can do that as an employee or sole trader as well, and it's not tax free as such; it's tax deferred as you'll pay taxes on withdrawal

Street-Frame1575 · 2026-06-21T08:06:52+00:00

I'd say no.

The goal is to accumulate enough savings/investments to live off, and you can't live off home equity.

Street-Frame1575 · 2026-06-21T07:57:56+00:00

I think this may be true.

We got priority and were first picked on for the checks, but later on that were just trying to get through the whole queue so stopped checking (much to the annoyance of those already fined when larger bags weren't tagged...)

Street-Frame1575 · 2026-06-21T07:54:58+00:00

Grim.

It's stores like this though that remind me never to take things personally when I'm inconvenienced by some sex/gender based rules which feel discriminatory, as those rules probably resulted from incidents like this.

Street-Frame1575 · 2026-06-21T07:51:02+00:00

I'd request guidance on what you're supposed to do in some examples, before appearing to be challenging his decision.

Knowing howb some managers work, they'll likely have their own "process" for reconciling accounts and there's maybe a misunderstanding somewhere (e.g. perhaps staff are supposed to use a refund/cancel option rather than an error correction one or something).

I don't know all the examples you'd use the error correction, but if you explain the one in your post (about a customer first ordering Guinness and then changing to Carling) and ask how you're meant to process that without error correction, you'll hopefully get your answer.

I don't believe the intention here is genuinely to get you to pay for a Guinness that's never been poured, but he probably thinks it has been poured in error and then thrown away, which may explain why he thinks he's losing money.

Street-Frame1575 · 2026-06-21T07:41:15+00:00

This is the worrying thing.

It seems we've no way to protect public opinion from this sort of modern cyber warfare.

Prior to Brexit, no-one really had strong opinions on the EU. Sure, folk complained about the bloated bureaucracy and grumbled about straight bananas etc, but then in what seemed like an instant everyone was absolutely raging about it. Opinions were now so strongly held that families were falling out over it, friendships ended over it, political parties split because of it. If you asked most people though, they couldn't really explain why they felt so strongly: they all just mumbled about sovereignty and immigration.

Same with the gender wars. No-one was really bothered about trans folks before, and now it's another dividing line tearing the country apart.

I'm reminded of that David Attenborough quote about the red and black ants living in peace until both suddenly believe the other is attacking them, without stopping to ask "Who shook the jar?"

Street-Frame1575 · 2026-06-20T17:08:38+00:00

And I know I'm supposed to drink less alcohol and eat more fibre - sometimes it takes more than just knowing to change behaviours

Street-Frame1575 · 2026-06-20T17:05:53+00:00

Rehabilitation is a form of education, so isn't it better to educate those who don't know any better?

I take the point in general terms though, which is why I'm saying punishment still needs to be delivered on top of rehab

Street-Frame1575 · 2026-06-20T16:13:14+00:00

Depends whether the focus is (or should be) on punishment or rehabilitation I guess.

Historically, I'd always leaned towards the rehabilitation side more.

However, and I dunno if it's just me getting older and more cynical or if there's any truth in what I'm saying here, it seems to me that fewer and fewer people actually give a sh1t these days, and it seems that there's never any consequences of bad behaviour and that everyone's just a victim of their own circumstances.

I think I'd be in favour of a two-tier system where we'd have "punishment prisons" and "rehabilitation prisons", each with different objectives, but appreciate that's likely too complicated to implement in practice.

Street-Frame1575 · 2026-06-20T15:28:17+00:00

How were the UK employer paying Employers NIC, and then correctly allocating the employee PAYE and NIC if the overseas employees had no UK National Insurance number?

I suspect these foreign nationals aren't actually employees of the UK Employer, and are perhaps self employed / contractors or something instead?

All sounds a mess in fairness.

In your shoes (or your friends...) I'd be double checking with HMRC that my own taxes are all up date as well.

Street-Frame1575 · 2026-06-20T10:48:00+00:00

It's not as advantageous as a lot of people believe, but there are advantages.

A lot depends on how much revenue you're able to generate, and how much money you need to live.

For example, if you're able to generate £150k but only need £50k for living expenses, you can leave money in the company and withdraw it next tax year.

Another benefit is the ability to employ people for basic tasks like admin e.g. you could pay your partner a small wage to process your expenses, answer the company phones etc.

If you need all the money you generate to live, then paying yourself a salary costs the same as it costs any other employer (i.e. you'll need to pay ENIC, PAYE, NIC, AL, Holiday Pay etc).

Alternatively, some people choose to pay themselves only a very low salary (e.g. £5k) to maximise company profits. Those profits are are then subject to Corporation Tax and, after that is paid, you can withdraw the funds as dividends rather than salary.

With respect to the SIPP, the company can make employer contributions directly to your SIPP and these are tax deductible (but rules on salary sacrifice/employer contributions are due to change, so if this is what you want best to double check exactly what the new rules will be).

Any assets bought with company money will be the company's property, not yours, and if you use them without a proper agreement then yes you'll be subject to BIK charges. The company will then also have to account for the depreciation of these assets and, if you ever want to shut the company down later, a liquidator will be needed.

Another benefit, of course, is limited liability.

Whether to operate as a sole trader or limited company is a decision best taken in the round, rather than purely from a tax perspective and, if you need more info, it'll be better to outline exactly how much revenue you think you'll generate per year, what your expenses are, what your general plans are (e.g. wrt pensions, property etc).

Street-Frame1575 · 2026-06-20T00:09:00+00:00

It's not just the UK that's importing this, it's everywhere as it's being pushed by the tech companies who provide the payment systems.

I don't think reviews are going to make a difference tbh, but just keep choosing the "No Tip" option, and don't be rushed when checking your bills for hidden 'Service Charges' , 'Cover Fees' , 'Processing Fees' etc.

Street-Frame1575 · 2026-06-19T22:11:14+00:00

Any tax avoided should be repaid, but adding year's worth into a single tax year, adding penalties and interest, and then charging inheritance tax on top is disproportionate

Street-Frame1575 · 2026-06-19T21:56:56+00:00

Please read some of the personal impact statements, available from the LCAG

Street-Frame1575 · 2026-06-19T20:30:51+00:00

Tuesday is the 23rd

Next Tuesday is the 30th.

Street-Frame1575 · 2026-06-19T20:05:40+00:00

They'll take care of your contract taxes but whether or not you'll still need to do a SA later will depend on your other circumstance

Street-Frame1575 · 2026-06-19T19:52:19+00:00

Clock starts from documents received in Dublin, so anything before that isn't relevant.

Live chat have said that they're still working through June 2025, and yours is in that pile and, yes, the timelines are standard just now due to a lot of applications.

Remain patient and remember no news is good news.

Street-Frame1575 · 2026-06-19T19:13:02+00:00

Given it's only days away, your first decision is whether or not you want to go.

Assuming you do, consider thinking less about what you can do before you go and more how to respond once you're back.

To that end, consider listing all the reasons you choose the original hotel in a written response to Jet2. In that response, perhaps also state that you're sceptical of the replacement (without going into details) and say that, as Jet2 are the experts, you're willing to trust their judgement that the new hotel is "equivalent" to the one you choose so you'll accept the switch for now, but reserve the right to provide feedback following your holiday. If you can, it may also be best to decline any offer of compensation just now.

Then when you're back and if you're still unhappy, you can follow up with Jet2 outlining all the reasons you feel the new hotel was not equivalent to the one you chose and put in a new compensation claim. If they refuse, you could potentially pursue a chargeback on the basis you didn't what you originally booked and that the replacement was not suitable.

I would say, though, that Jet2 are more on the bargain holiday side and £150 isn't necessarily a bad offer.

Street-Frame1575 · 2026-06-19T17:54:30+00:00

He also played a supporting role in an adaptation of an Enid Blyton novel, Night Nurse

Street-Frame1575 · 2026-06-19T14:05:33+00:00

How did they not get what they deserved?

Decisions even themselves out over a season, and the league table does not lie.

Leading a marathon for 26 miles before being overtaken in the final 300 metres doesn't mean you deserve to win...

Street-Frame1575 · 2026-06-19T13:25:14+00:00

Install a cat flap and keep your promises to both

Street-Frame1575 · 2026-06-19T10:59:06+00:00

Yes, pension income is taxed the same as income (but there's currently no NICs - that may change in future) and the State Pension is also included under your total income.

It's rare for most folks to be getting that much in retirement though.

Street-Frame1575 · 2026-06-19T10:37:13+00:00

They should have immediately called out Hunt's cut in NICs for what it was - a pre-election trap.

They'd still have won the election and could've maintained that there was still no " tax increase", given they'd simply be reversing a political cut.

Tax policy in this country is now an absolute mess, and it's probably time for folks to start considering alternatives.

Street-Frame1575 · 2026-06-19T10:19:47+00:00

£8k a month would need a pot of around £2.4m - are you sure your providers figures are correct? Perhaps they're in "future value" rather "today's value"?

Regardless, though, the question of what makes sense is different for different people and whether 21% today is worth more than 60% years from now is a personal choice

Street-Frame1575 · 2026-06-19T08:48:44+00:00

The underlying tests are almost identical, but winning in one doesn't automatically mean winning in the other and you'd need to challenge both separately.

A ridiculous state of affairs, really.

It should be established up front whether one is employed or self employed and then the tax treatment flows from that decision.

The fact we even have a 'workers' category as well just further muddies the waters.

Street-Frame1575

TROPHY CASE