Her 16-year old earns £9,000 from her limited company
In this YouTube segment, Ndubuisi 'Andy' Egwim explains a tax‑efficient strategy he observed within his Moneywise Doctor community. A consultant employs her 16‑year‑old child in her limited company, assigning genuine admin and video‑editing tasks. The company pays the teenager £9,000 annually—the full Junior ISA allowance. The teen then transfers the salary directly into a Junior ISA via direct debit, where it grows completely tax‑free. Andy notes that because the teen’s total earnings are below the personal allowance (£12,570), no income tax is due, making the arrangement fully legal and within HMRC limits. He frames this as a practical example covered in his Octopus Tax X‑Ray Workshop and invites viewers to comment “X‑ray” for further details.
