Specialist Dental Accountants for over 28 years - Call 020 8346 0391 

He (Mac) has helped me as my practice has expanded from single-handed to a six surgery/8 dentist practice.

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T15/W3 -  NI on spouse wages

If a spouse is employed in a business, he or she can be paid up to £4745 per annum as wages, without any tax arising, provided he or she is not employed elsewhere. In addition, if they are paid between £79 per week and £91 per week (2004/2005). (£77 and £89 respectively in 2003/2004) no National Insurance will be payable. The spouse will receive a credit for National Insurance purposes, which will count towards their contributory benefit record and is deemed to have been paid £10,800 for State Second Pension. Even though no tax or NI is payable, you will still need to fill in a P14/P60 at the end of the year and send it to the Inland Revenue so that they can make a note of this.

Do note, however, that wages may only be paid to a spouse at a reasonable rate for services actually provided.

We take great pride in our service, and would be delighted to invite you for a free 1 hour, no obligation meeting at our comfortable offices. Simply call us  on 020 8346 0391 to arrange a mutually convenient time.

This web-site was last updated on 29/07/2008

Specialist Dental Accountants for over 27 years.

Copyright © 2003-2008 Mac Kotecha & Company. All rights Reserved. The information on this site is for general guidance only. It is essential to take professional advice on specific issues about their impact on any individual or entity. No liability can be accepted for any errors or omission or for any person acting or refraining from acting on the information provided on this site.

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