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If you setup your company correctly, this is often the case for self-employed people in the US as well.
by stirno 13y ago
If you setup your company correctly, this is often the case for self-employed people in the US as well.
- petercooper 13y agoYeah, I was speaking entirely from a self employed perspective, although the semantics get tricky with incorporation. In the UK, though, you can do a similar thing where you incorporate, pay yourself under the level where you have to pay National Insurance (there's a free allowance), and then pay the remainder using dividends (which attract no NI), so you can theoretically reduce your exposure to these types of taxes to nil.