So I want to top up my personal ISA before the end of the financial year as I've not used up much of this year's allowance. Due to the fact that I was employed for most of the tax year, I have used up nearly all of my basic rate allowance so any further dividends are going to be taxed at the higher rate.
I have quite a bit of profit sitting in the company account so the question is, can I transfer up to £5k of this money into my personal ISA as a Director's Loan before the end of the tax year, and then repay the money after 5th April without incurring any penalties?
I have quite a bit of profit sitting in the company account so the question is, can I transfer up to £5k of this money into my personal ISA as a Director's Loan before the end of the tax year, and then repay the money after 5th April without incurring any penalties?
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