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greentricky
RagnarHairybreeks
As a company director I paid myself a salary sufficient to cover NI. The rest was paid as dividends, I allocated shares to my children and most of the dividends were paid in their names.
Net result, effectively zero tax.
Completely legal, if a little embarrassing in retrospect.
Still, on the basis of VAT on all personal expenditure I still paid 20% tax in reality.
It is true though, the relatively wealthy pay far less tax than the person paid by the hour.
For clarification I haven’t earned anything in reality since 2019 and haven’t claimed a penny from the state.