More time posting than coding
Crossroads Game over man, GAME OVER!
Retained Profit - Best Uses
OK, similar to another thread on here, except I'm not looking to retire in the near future (well I am, but pensions are no good to me as I'm a long way from 55 so I don't want to tie my money up in one).
I'm fairly risk averse as I worked bloody hard to get the money. Well OK, fairly hard. Oh, OK, I turned up occasionally and fiddled with some servers. Alright, I didn't even do that, I just wrote some documents for other people to do the fiddling).
I object to paying tax, or rather I object to paying as much as I do as I get bugger all back for it, so anything that minimises this is a good thing.
What do others do:
- extract the money (either via ESC16 or Dividends) and pay off the mortgage
- invest within the company (e.g. property or shares)
- invest in "Plan B"
- invest in someone elses business
- A.N. Other
On a related note, has anyone here gone the ESC16 route with a significant sum (say £250k+)? I've seen conflicting advice that you don't get the concession with larger sums.