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Dividends instead of salaries

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jafersadeq
Senior Member
Posts: 681
Joined: Sat Jun 20, 2015 2:14 am
Location: LONDON
United Kingdom

Dividends instead of salaries

Post by jafersadeq » Sat Jul 01, 2017 10:22 pm

Dear Gurus,

I was receiving salary from my company, I report RTI every month, I left the payroll because I do not want to receive salary, I want to receive dividends instead.

Is it ok if I receive P45 and I do not report my name as an employee (director) in the company payroll?
Is it ok if I do not receive salaries and dividends? I have enough money in my bank account for living.

Please advise

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marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: Dividends instead of salaries

Post by marcnath » Sat Jul 01, 2017 10:30 pm

jafersadeq wrote:Dear Gurus,

I was receiving salary from my company, I report RTI every month, I left the payroll because I do not want to receive salary, I want to receive dividends instead.

Is it ok if I receive P45 and I do not report my name as an employee (director) in the company payroll?
Is it ok if I do not receive salaries and dividends? I have enough money in my bank account for living.

Please advise
Perfectly ok with both of your questions above.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

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