Pay less - Get more (New Start Up Help)

Hi All,

Apologies if this has been asked before. I have just started my own business (limited Company) in Bristol. I have registered for PAYE and I want to begin to pay myself a salary. If possible I want to minimise the payments from my account (I.e tax, student loan etc).

I am looking to receive £1.6k a month. As I currently work from home I was going to set up a rental agreement to pay £550 a month from the business to my partner for room rental inclusive of rates (council tax, elec, water, wifi, etc) and pay myself £1200 therefore not paying Student Loan.

Also, I do use my car for work.

Is there any other way to minimise the amount going out? This way is a lot better than paying £2.3 to get £1.6 net.

Regards,

Tom

Comments
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The best way is to...

Kent accountant |
Kent accountant's picture

Agreed

Chris Smail |
Chris Smail's picture

shameless plug...

Discountants |
Discountants's picture

As well as paying out less ...

David Winch |
David Winch's picture

Please get an accountant

Robjoy |

Please get an accountant

ryedaleman |
ryedaleman's picture

Thank-you

tomad7 |