I've taken a company loan of £10k and I've gone about £1.5k into the higher tax bracket this financial year.
Plenty of cash in the Ltd account, but I'm just trying to work out which incurs the least tax. Taking my Directors loan to -£11.5k and paying BIK or declaring £1.5k divs at c25%.
Any other implications of having my dir loan at that level for a short period and over the financial year end?
Plenty of cash in the Ltd account, but I'm just trying to work out which incurs the least tax. Taking my Directors loan to -£11.5k and paying BIK or declaring £1.5k divs at c25%.
Any other implications of having my dir loan at that level for a short period and over the financial year end?
Comment