Director's Salary + Loan Repayments

[GAJ1]

Hi All,

I am a director of a limited company with 50% share holding. (Value of the share is £1 each, between two of us).

When I stepped in as a director two years ago, since then till now I have loaned the company nearly £40,000.

Now going back to my Tier 1 General Extension, in order to score 20 points from my previous earnings, my gross earnings should fall between £35000 - £39999.

My question is would that be ok if I declare combination of £12,000 gross annual salary + £23,000 loan repayments to achieve total minimum earnings of £35,000??

Remember, even though it's tax efficient I can not withdraw dividends because company has been making loss from the past 3 years.

Please could someone advise me what's the way forward?

Any help would be much appreciated!

Thanks again,
G

[canon123]

as per my knowledge, loan repayments is not considered as earning. please wait for other members advise.

[canon123]

loan repayed back into buss accounts are not considered as income, hence no need to report for tax purposes