moopmoop

That's pretty much correct. Dividends are tax free (at least in the UK) and you can structure things so your corporation tax is minimised (maximising various allowances, taking a cut of VAT you charge, buying lots of equipment, etc etc).

You just need a decent accountant who understands how to play this game...

The other way around this is to simply not pay yourself everything your company is earning.

If you have a long contract you can make up a big enough buffer in your business account so you can go months without any business income and still pay yourself a decent salary.

Other bonus is giving yourself a massive dividend now and again :}

As a devops contractor I earn north of 500gbp/day and I have a 1 year contract.

Imagining I take a week or two off this year then that works out to about 200k usd

How to achieve this? Find a gap in the market, upskill in it, don't be shy about asking for more money than you think the client will offer you (if they're desperate, they will pay)