How we restructured a Kingsbury retail family business for £9,600 saving
Client K runs a South Asian grocery and homeware shop on Kingsbury Road as a Ltd company, with his wife managing the books and ordering full-time and his son helping with deliveries and online orders. Client K took all the dividends while his wife was on a low PAYE salary with no shareholding, so the family wasn't using its allowances efficiently.
We rebalanced the structure. We brought the wife in as a 50% shareholder reflecting her genuine full-time role, set both directors' salaries at the NIC-optimal level, split dividends across both personal allowances and basic-rate bands, put the son on proper PAYE for his genuine work, claimed the Employment Allowance against employer NIC, and set up employer pension contributions as a further efficient extraction.