How To Save Tax By Setting Up a Limited Company (UK 2024)
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- čas přidán 15. 03. 2024
- Tommy and Steve from Nichols & Co. sit down to cover limited companies for y'all.
Nichols - nicholsmedical.co.uk/
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This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.
Suggestions for future video. Demo government gateway and demo PCSE pension account - to explain how information helps. And how to get pension forecast online and what it all means
Got a video on that here czcams.com/video/9Q3O34IapOE/video.htmlsi=ocrFiSmOyt0mrVpt
Love your videos. Do you have any information/resources on buying additional annual pension benefits and NHS Pension Additional Voluntary contributions for those of us who are thinking of retiring early? Is it worth it, or would you just set up a private pension as an alternative? Thanks!
Can you make private pension contributions from a limited company after having taken your NHS pension? Ive heard that the limitation on paying into a new pension scheme after taking your pension doesn't apply to defined benefits pensions? (my understanding is with a defined contribution scheme once you draw it - there is a limit on what you can put into a new one) Im thinking of taking my nhs pension early at 55 but carrying on doing some work through a ltd company drawing the minimum to get NI contributions - take some as dividends and put some into a private pension for 60 or 65. is that allowed?
When you say retire for 2 years- does that mean from that particular job in private practice (eg telemedicine), can you do a different area of private practice like procedures in those 2years without incurring penalties?
How do you find a liquidator for closing an account? Thanks
Few questions:
do you have a video or link to a resource on how to set up share structures for family members?
would a 16yr old, given that they can legally work be considered a minor for dividend purposes?
do you have video or link to a resource on how to set up salaried employees or is this best done via an accountant?
can a ltd company put money into ISAs or other investments?
Thanks for a very informative video
Retire from limited company of PVT practice for 2 years? Can you continue working as a sole trader within NHS?
Hi Thank you for really informative video. Is there a limit how much money can be paid in to SIPP.my spouse is lower rate tax payer, can I pay up to the maximum allowance