If you’re running a small company and your spouse’s income is low and he/she is capable of adding value to the business, why not bring them on board as both a director and shareholder? The benefit is that they can use their own allowances and share the burden with you. This is a common planning and the 3rd way to keep it in the family.
Word of caution. If you’re going to do this, do it properly because again HMRC are too aware of this planning. Make sure there’s a commercial reason for doing this and get the paperwork right. It’s all about commercial planning, implementation and evidence. Avoid simply bringing your spouse as a shareholder and paying him/her dividends. There are about 4 pieces of implementation/paperwork to get in place, one if which is board minutes.
Oh and make sure that you are both ok with this.
Do ensure work is actually carried out to avoid a common trap. I can see plenty of ways where your spouse can provide useful and commercial support to drive the business. If you really want to grow your business then contact us for free limited access to a brilliant customer attraction system which your spouse can start using to genuinely help you.