I am a director of a limited company in the UK.
I now live permanently in Germany, and plan to stay here (married with child).
If, for example, I took a salary of £50,000 yearly from my UK company, would I or the company need to pay any national insurance?
Meaning, with the £11,500 personal allowance I would pay about £9700 income tax and have a take-home income of about £40,500?
Also, am I correct in thinking that by doing this, I would reduce the taxable profits of the company by £50,000? (meaning that, for my "part" of the gross profits, there would be no corperation tax to pay).
I ask, because dividends are taxed at 25% in Germany, meaning the standard "take minimal salary and the rest as dividends" is perhaps not the best way to go.
Many thanks for any insights
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