• 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!

Tax Effecient method of withdrawing funds from company

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

    Tax Effecient method of withdrawing funds from company

    As a director are there any tax effecient methods of getting money from the the company. I am keeping below the higher rate tax but wondered if there are ways of drip feeding money into director ISA's or something.:\

    #2
    If the company has been running a number of yrs you can close the company down and extract the money and benefit from taper relief on the capital gains to give a tax efficient and NI proof means of getting your grubby money grabbing contractor hands on the loot.

    Or else stick it in a pension if you are knocking on a bit.

    Otherwise the "fairness" wizards at the New Lie castle want their 4 kilotonnes of flesh.

    Comment

    Working...
    X