• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Dividend Tax & Directors Loans

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Dividend Tax & Directors Loans

    In light of the dividend tax that's due to hit next month how many on here are thinking of making use of a Directors Loan to delay/reduce the tax hit for a while longer.
    I've never had a directors loan before but was thinking of taking the maximum of 10k and so long as I pay it back as per requirements jobs a good un?

    Am I missing something here (am aware of things like bed and breakfasting etc.)?

    #2
    If you are going to take dividend's into the higher rate in the next tax year (repaying the loan), then you would be better off taking the amount as dividend's before 5th April 2016 due to the change in Dividend tax.

    Comment


      #3
      One wonders whether doing this post April will also attract unwanted attention from HMRC...

      Comment


        #4
        Bear in mind that if you go over £10k at any stage in the year, you'll have to look at interest rates.
        Best Forum Advisor 2014
        Work in the public sector? You can read my FAQ here
        Click here to get 15% off your first year's IPSE membership

        Comment

        Working...
        X