I took out a monster 0% credit card years ago a few months pre-tax year and I'm still paying it off today. I suppose that's a good thing - I never added to the debt and it will all be paid off efficiently maximising cash flow. Don't do it too much though.
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Taking a large dividend efficiently
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Originally posted by PerfectStorm View PostI took out a monster 0% credit card years ago a few months pre-tax year and I'm still paying it off today. I suppose that's a good thing - I never added to the debt and it will all be paid off efficiently maximising cash flow. Don't do it too much though.merely at clientco for the entertainmentComment
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Originally posted by Snooky View Post
You can submit a claim to reduce your POA, on the basis that your income for this tax year was unusually large and unlikely to be the same next year - https://www.gov.uk/hmrc-internal-man...manual/sam1001Comment
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Just read through this thread, a few people mentioned extending your mortgage? how does that work to reduce the dividend tax you pay?
That's confused meComment
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Originally posted by gazelle View PostJust read through this thread, a few people mentioned extending your mortgage? how does that work to reduce the dividend tax you pay?
That's confused me…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View Post
Instead of taking out extra dividends and paying tax on them, it may be more cost effective, etc, just to extend your mortgage to get the extra funds.Comment
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