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Adraco · 10-27-2010, 05:33 PM

My UK company is able to pay me dividends 12 times per year, once per month. Which means that I can receive a good amount monthly which is only taxed as capital. A monthly salary would be taxed as income and would need social taxes and employer fees added to them. So it's a way to tax-plan and keep a bit more as compared to having to pay it to government.

Besides, I do not reside in the UK, I do not have a UK passport. Yet, the company was setup for me, filed with all the proper authorities and so on in a day or two. I never have to visit UK, everything can be handled for me by a remote agent. Convinient.

10-27-2010, 05:33 PM
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,733	My UK company is able to pay me dividends 12 times per year, once per month. Which means that I can receive a good amount monthly which is only taxed as capital. A monthly salary would be taxed as income and would need social taxes and employer fees added to them. So it's a way to tax-plan and keep a bit more as compared to having to pay it to government. Besides, I do not reside in the UK, I do not have a UK passport. Yet, the company was setup for me, filed with all the proper authorities and so on in a day or two. I never have to visit UK, everything can be handled for me by a remote agent. Convinient. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.