Still a few years away, but if I would transfer my entire warchest into my pension fund it would be approx 25% of the total value of my pension fund.
As you can withdraw 25% of your pension tax free at the age of 55 I was wondering what if I transfer my warchest a couple of months before I tuen 55 into my pension fund and then withdraw it taxfree the day I turn 55.
This should have 2 advantages, no tax on divi's and no corporation tax for that tax year
Would this be possible, legally?
(NLUK I will ask my accountant later)
As you can withdraw 25% of your pension tax free at the age of 55 I was wondering what if I transfer my warchest a couple of months before I tuen 55 into my pension fund and then withdraw it taxfree the day I turn 55.
This should have 2 advantages, no tax on divi's and no corporation tax for that tax year
Would this be possible, legally?
(NLUK I will ask my accountant later)
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