Thanks for your answer.
I currently pay myself the £833.33/month tax free allowance and then take the rest of my remuneration as dividend at the preferential tax rate. I then pay Corporation Tax on turnover and the employers NI contribution which from memory isn't too much.
If I form a separate company and as a director have to take remuneration through PAYE I'm assuming I could pay myself the £833.33/month but this would be taxable on a personal basis. I would also pay the employers NI and Corporation tax.
I'm assuming I could take dividend at preferential rate from both companies.
Therefore the only additional amount would be the additional personal tax on he £833.33/month from the second company.
Im assuming this would be far less than having to pay the 14.5% on all the £81k?
Hope this makes sense from my engineers brain!
From the Franklin quote hopefully I can resolve my tax issues before the former certainty kicks in!