I'm getting into self-employment and don't want to be part of an umbrella company but instead as a Director of a company where I can pay myself a salary and also be able to contribute into Executive Pension Plan. I understand that I can register a company in my name and can have the above set-up - which is clear to me.
My query is:
My wife has a company registered in her name (she is the sole Director) and is into IT Contracting herself. Can I join her company as a 2nd Director and start working myself as a IT Contractor? I don't want to be an employee in her company.
My understanding is that this way we can have less paperwork and less things to manage on regular basis but not sure if this can be done or not?
Regards.
My query is:
My wife has a company registered in her name (she is the sole Director) and is into IT Contracting herself. Can I join her company as a 2nd Director and start working myself as a IT Contractor? I don't want to be an employee in her company.
My understanding is that this way we can have less paperwork and less things to manage on regular basis but not sure if this can be done or not?
Regards.