We're in Warwick, UK, I'm MD and do all the work - I give advice on medical product quality supply chains, get paid fees, my wife (company secretary) gets half the dividend. We pay ourselves a salary to satisfy HMRC rules for closed service companies.
Hey Richard - that sounds like quite a cozy arrangement! There's something very comforting about keep your business entirely within the family :smileyhappy:
On the other hand, depending on how you've set up your employment contracts (if any), your wife may be considered be an "employee" deserving of a workplace pension. Here's an FAQ from UK's The Pensions Regulator:
We're a family business - do automatic enrolment duties apply to us?
Also, this might be a good time to tell you that QB Community launched a UK Community just this past Friday. You can find it by toggling from the American flag at the top right of your screen to the British flag. Hope to "see" you there as well!