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@tom.
I'm a tax adviser and, without know your income profile, turnover, etc I would guess that it's not worth it (unless you are desperate for the limited liability). I'm guessing that someone has told that you that remunerating yourself through dividends would be more tax efficient? This may or may not be true, and if you wanted to divert some of your income to your missus then don't bother; the law will probably change now that HMRC have lost Arctic Systems.