Quote Originally Posted by deepreddave View Post
Not a great difference now between Ltd and sole trade from a net tax perspective so might be what suits you best i.e. limited liability option and the ability to pay dividends to the wife.
Quote Originally Posted by Halitosis View Post
Doing it via a Ltd company with wife as director should result in lower taxes - using her personal allowance and also enabling putting money into a pension for her, which will mean lower taxes in retirement too.
Does mean more admin and accountancy fees though.
Just to echo some of this based on recent conversations with my accountant. The reduction in NI and whatever recently has meant that there now isn't much in sole trader vs limited but if (when :-) )I start having silly cars again it will be tax advantageous to remain as Sole Trader.

The only changes my accountant is suggesting is we could look at limited again 'if and when I meet someone I'm comfortable settling down with in the long term' as this brings in the wife as director business as referenced above.

Of course this could all change with a new government.