I am moving permanently to NZ. I will continue to work for my current UK employer. They have suggested that the easiest routs fort hem would be for me to set up a limited company and work as a contractor for them. I have had a look around the web and am very confused. My understanding is that I would pay myself a salary that would be subject to tax in NZ. The company profits would be subject to corporation tax (in UK?) and the dividend that I pay myself would be subject to tax in NZ (except during the transition 4 year period when it would be tax free). Could anyone confirm that my understanding is correct? Also is this going to result in me paying more tax than I would have done had I remained on payroll?
Many thanks
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