I will be a self employed morgage advisor In July.
I am also a self emp counsellor which brings me in some income.I also write which todate i do foc but that will not always be the case.The social security bit comes in becauseI am also a single parent job centre advisor that the optimum salary would be £150.00per week to earn more will be financially detrimental, (tax credits childcare
etc) Being self emp obviously means that i cannot guarantee that my income will not from time to time go over the £150.00pw threshold. However if i am allowed to operate as a Ltd Co then i have certain degree of control i.e.when money is less than £150.00pw I pay myself out of reserves, when money goes over the £150.00pw then as a salaried empoyee i pay myself £150.00pw and surplus goes to reserve. Also i want to obtain insurances eg life cover phi out of business costs not net income, i have contacted a/c cos but they are always vague. Can i operate in this way without loosing benefits?
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