During the next couple of months, I will need to take a substantial amount of cash from my Ltd in order to finance a big house refurbishment. That, together with the rest of the living expenses, will push my dividend withdrawals deep into the upper tax rate. I considered taking a director's loan to alleviate the impact, but, apart from the interest I would need to pay, it would not be very beneficial.
I'm sure I'm not the first one with this issue, so I was wondering if anyone knows the legal way to get over this without paying more tax than Rishi's wife.
Anyone?!
I'm sure I'm not the first one with this issue, so I was wondering if anyone knows the legal way to get over this without paying more tax than Rishi's wife.
Anyone?!
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