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Pension; my current employer matches my 3% contribution and pays about £500 on top. Can I have same sort of arrangement with my limited company? I never looked into pension contributions as a limited company.
You Tax Dodg... I mean Company can have a policy that says it pays £Xs in to your pension. It doesn't have to be related to your contribution. You don't have to contribute at all from your 'salary'. You have to decide what is a defensible amount for your company to pay, as massive pension contributions can start to smell like tax evasion.
Mortgage; how do I balance my dividend to PAYE income so come 2023 when we are up for remortgage I am not fucked because I dont have a high salary? Initially when I thought this work was inside IR35 I was just going to go with an umbrella.
If you remortgage with an existing provider they might not look at your income, unless you tell them to. If they do, then just smooth your pay to be broadly similar to your PAYE income. If you look at other providers just pay a broker to sort it all out.
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Re:pension: if you have the money in your company to do it then paying yourself (a director) a pension is a no brainer. You can pay up to £40k or your income from company, whichever is lower. You can us unused allowances from previous years to allow bigger contributions.
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Howard
Matt101
@amey
I have been approached for a fixed term contract that is outside IR35 (international client).
I am on a PAYE job now; couple of things I am not 100% clear about;
Pension; my current employer matches my 3% contribution and pays about £500 on top. Can I have same sort of arrangement with my limited company? I never looked into pension contributions as a limited company.
Mortgage; how do I balance my dividend to PAYE income so come 2023 when we are up for remortgage I am not fucked because I dont have a high salary? Initially when I thought this work was inside IR35 I was just going to go with an umbrella.