PAYE and Ltd Co.

Tipp-Boy · 2009-09-07 15:47:35

Hi, I work within the PAYE system but about 2 years ago I sent up a ltd company on the side. Its not making any money and really only to facilitate a hobby and to quench my desire to start something up. My question is: if I was ledt go from my PAYE employment tomorrow how would my benefits be impacted by having a…

07-09-2009 04:47PM

#1

Tipp-Boy

Registered Users, Registered Users 2 Posts: 76 ✭✭

Join Date: January 2009

Posts: 54

Hi,

I work within the PAYE system but about 2 years ago I sent up a ltd company on the side. Its not making any money and really only to facilitate a hobby and to quench my desire to start something up.

My question is: if I was ledt go from my PAYE employment tomorrow how would my benefits be impacted by having a directorship/ltd company?

Thanks in advance.

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#2 08-09-2009 09:29PM

TheBeach

Registered Users, Registered Users 2 Posts: 254 ✭✭

Join Date: July 2007

Posts: 249

It all depends on what class stamps you are paying. If they are A class you are entitled to all benefits, regardless of whether you pay an S con stamp in your Ltd co employment.

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