Share classification question

Share classification question

Author
Discussion

DSLiverpool

Original Poster:

14,836 posts

204 months

Friday 12th April
quotequote all
One of my businesses is a
46/45/9 split with 3 directors.
All class A or normal shares all equal.

The 45 director wants to take the £758 a month wages to cover NI but myself as the 46 director doesn’t need to.

Can we change the share classifications to reduce the dividend the 45 director gets as they’ll have income from the £758 (ish)

I get my £758 from another one of my projects.

DSLiverpool

Original Poster:

14,836 posts

204 months

Friday 12th April
quotequote all
Ah ok conflicting - I’ve a decent accountant but need to be forewarned.

I’m not seeking an advantage I just don’t want to pay 45% person a divi and £758