Director's loan to buy a cheap(ish) car

[TonyF]

Borrow £5k from the company now at 0%. Don't bother with paying anything back yet, ince there is no benefit to doing so.

Come April 6th, take a dividend for the £5k and repay the loan to the company.

I've borrowed short term from my company in the past (as has my wife) and as long as it's under the £10k threshold and you pay it back in time then there is nothing compliicated about it.

[craigy1874]

Talk about judgemental! You don't even know what his day rate is but you are making assumptions about his finances!

[northernladuk]

Talk about judgemental! You don't even know what his day rate is but you are making assumptions about his finances!

Hardly. OP is a software engineer so rate is more than likely going to be OK and has been contracting 4 odd years and appears to know his/her beans so it's not being judgemental, more incredulous that they have to resort to loans for 5k. This thread might answer the question but there could be a bigger problem that needs considering that this thread does not answer.