Advice now the missus is working

[DeanR32]

Evening all

My missus has just got herself a bit of bar work doing a few evenings a week for an extra bit of money in the house. It's pretty much minimum wage but every little helps, and it gives her something more to do than just being a mother.

Now she won't earn enough to get taxed but I was wondering if I, being self employed, could pay her something per month to bump her money up to just below the maximum unstable earning rate?

Would I see any benefits come the end of the tax year by getting rid of a few extra grand?

Cheers in advance

[Challenger C4s]

Back in the Days when I was married and self employed I used to pay the wife a wage on the basis of her being my book keeper.

She obviously can earn her tax free allowance (what ever it is now)but should declare her earnings. Mine actually invoiced me and kept her own records and then that led on to her helping my friends with their books till in the end she turned it into a nice but small little business for herself.

It payed for her in the end to run her own little car and certainly help us overcome some of the struggles of being a young family helping us to financially keep on an even keel.

[KFC]

DeanR32 said:

Evening all

My missus has just got herself a bit of bar work doing a few evenings a week for an extra bit of money in the house. It's pretty much minimum wage but every little helps, and it gives her something more to do than just being a mother.

Now she won't earn enough to get taxed but I was wondering if I, being self employed, could pay her something per month to bump her money up to just below the maximum unstable earning rate?

Would I see any benefits come the end of the tax year by getting rid of a few extra grand?

Cheers in advance

Speak to your accountant.

If you're paying tax and she isn't, then on the face of it you could pay less in total by paying her for some sort of admin job or whatever. But it would really need to stand up to scrutiny... you can't pay her £200 a week to do absolutely nothing.

[mrdemon]

KFC said:

Speak to your accountant.

If you're paying tax and she isn't, then on the face of it you could pay less in total by paying her for some sort of admin job or whatever. But it would really need to stand up to scrutiny... you can't pay her £200 a week to do absolutely nothing.

Most pay 10k a year to do nothing, why does it have to stand up to anything.

You can pay people what you like to do what you like imo.

Pa, tea lady, bookkeeper etc etc.

You see people In the public sector paid 35k to do nothing !!!

[Mr Pointy]

mrdemon said:

Most pay 10k a year to do nothing, why does it have to stand up to anything.

You can pay people what you like to do what you like imo.

Pa, tea lady, bookkeeper etc etc.

You see people In the public sector paid 35k to do nothing !!!

Please post a link to the relevant section of the HMRC website which supports your statements. I'm very keen to look at doing something like this.