Recent content by northernbond

  1. N

    Higher rate tax payer with side income looking for tax planning advice

    If I keep as a sole trader and pay the wife. Do I need to set her up as an employer with PAYE? If so is that relatively easy to do?
  2. N

    Higher rate tax payer with side income looking for tax planning advice

    That's good to know. If both partners work from the same house could only one claim for certain work from home expenses?
  3. N

    Higher rate tax payer with side income looking for tax planning advice

    My wife is a 21% Scottish tax payer and has a fair amount of headroom before hitting the higher rate of 41%. She also has a lot of annual pension allowance remaining. I could see earnings being 10-20k in 21/22 so I feel paying my wife a proportion either by employing her (with me keeping as a...
  4. N

    Higher rate tax payer with side income looking for tax planning advice

    I currently have a full-time job with a salary that takes me into the higher rate tax band in Scotland (41% tax brand). I salary sacrifice as much of my income as I can into my pension to take advantage of the pension tax relief while keeping within the 40k annual allowance. After salary...
See more
Top Bottom
Community
Articles
Menu