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National insurance contributions -ILR
Posted: Fri Oct 31, 2014 2:12 am
by chaitumkr
Hi ,
I am limited company director and self employed.i am taking minimum salary 663 pounds each month and dividends. Do i need to pay NI? My ilr due in few months, so please any one answer me
Regards
chaith
Re: National insurance contributions -ILR
Posted: Fri Oct 31, 2014 6:11 am
by Malik44
Re: National insurance contributions -ILR
Posted: Fri Oct 31, 2014 3:15 pm
by aliq09
Hi ,
you are paying yourself minimum pay which will attract no NI , will NOT effect any thing from income point of view as long as your pay ( exact amount ) and Dividends are coming from your business to personal accounts. I recommend to take an accountant letter for minimum pay explaining no NI attraction in case they require some proof .
Re: National insurance contributions -ILR
Posted: Sat Nov 01, 2014 12:46 pm
by chaitumkr
Thanks Ali.
Re: National insurance contributions -ILR
Posted: Tue Nov 04, 2014 10:35 pm
by rahulpc
hi all
can anybody please tell me if I need to pay NI CLASS 2 even if I only paid myself quarterly dividends and no salary as a director of a limited company???
is that going to be a problem if I have not paid NI CLASS 2 when i submit my ILR (O) application??
Many thanks in advance.