Tag: Tax

Do You Get Taxed on Lottery Winnings: What Really Happens When You Win Big

Posted on August 22, 2025 by Will Robbinson

Right, so you’ve won the lottery. Brilliant! But now you’re in full panic mode, thinking, do you get taxed on lottery winnings, about how much the government’s going to snatch from your windfall, right? I recall when my neighbour Eli won £50,000 from a scratchcard last Christmas. First of all, he phoned me in a […]

How Do I Pay Myself From a Limited Company? The Ultimate Guide

Posted on August 9, 2025 by Will Robbinson

So, you’ve set up a limited company in the UK. Great! Now, how do you actually get money out of it? Generally, a question arises in one’s mind: “How do I pay myself from a Limited Company?” It’s not as simple as taking drawings from a sole trade. You’re a director, possibly an employee, and […]