/ Salary for my new 2nd job?
So, my wife and I are now school teachers to 2 small children in addition to working our normal jobs, meaning that I am now working late into the evenings, and, possibly, over the weekend, to keep on top of things and my wife is going to have to spread her work over 5 days instead of her normal 3.
Our usual childcare resources for holidays, the Grandparents, are unavailable, as they are all >70 and therefore self-isolating.
Who do I need to apply to for the overtime...?
You could try charging your kids' parents....oh hang on
Maybe I could pay myself by claiming a refund from my pot of childcare vouchers...
...but then I'd have to tax myself on them
If you keep the money moving fast enough by paying yourself exorbitant amounts for trivial jobs and throw in a few intellectual property charges there's no tax. Well at least not if you are Amazon
To all the dislikers - come on, I DID add the smiley
Or did you just not like the discrepancy between "salary" and "overtime"?
Set up a limited company, eg LBS Home Schooling. Make you and your wife the only employees and "pay" both of you £2,500 a month. Then claim you cannot work due to the virus and claim 80% of your "salaries" from the Chancellor.
BTW Please don't do this at home.
No pay, but you get to sleep with your child's teacher!
This is *exactly* the same as our situation. I was like oh great we get him at home now but in actual fact it's just like doing the job of a nursery and our normal jobs in the space of 24 hours, instead of doing our normal jobs in say 8 hours.
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