Re: Annoys me sooo much
In my day that used to be referred to a taking the piss and, because of that, suspected of being an open invitation to the IR/HMRC to carry out an IR35 investigation.
Having been through the full cycle (assisted to some extent by having a pension from early retirement elsewhere) my experience was that company income paid:
- Regular reasonable salary incl. NI. and pension contributions.
- Smaller salary etc to Comp Sec (Comp Sec no longer required for small companies but back then had legal liabilities and taking on those deserves payment).
- Computer hardware & software.
- Travelling and accommodation for gigs away from home.
- Training which includes not only the cost of the course but travelling, accommodation and loss of fees during the course.
- All other expenses including phones, ISP, accountant, insurance and PCG membership.
- Dividends at less frequent intervals than salary.
- Continuance of salary etc. during time off sick (taken to hospital from site experiencing irregular heartbeat, off work for a fortnight).
- Continuance of salary etc. whilst "available" (clue: typical agency call is "Are you available on Monday?". Availability costs money.)
- Continuance of salary etc. for some time after the last contract.
- Eventual lump sum, I can't remember if that was within CGT limit.