Day trading as a limted company

[jamesh99]

Hello

I wish to set up a company in order to operate as a financial markets (online) day trader. The company would not have any clients and I would pay myself via dividend.
Is there any obstacle to doing this as a means of reducing the personal taxation I would otherwise face as an individual performing the same function without incorporating?

Thanks.

[section 44]

Minimum wage?

Sometimes the difference in overall taxation aren't significant

[bd6759]

Minimum wages does not apply to office holders. As long as you don't give yourself a contract of employment, you won't be affected by it.

As noted, the tax savings might not be significant when taking onto account the costs of running a company.