Warchest

[pleomax]

When you all speak about your warchest's, is this money you have left in the company to take at later dates, or money you have taken out in a a way to minimise your tax exposure and kept in personal bank accounts?

[BrilloPad]

For me it is both. It is any money I can get my hands on.

[chef]

either, it's the money/assets that you have in whatever form that come the time when there is no work available you dip into this "warchest" to survive and maintain your current lifestyle

[CheeseSlice]

to survive and maintain your current lifestyle

or in the current economic climate, living on a diet of spaghetti hoops on toast.

[richy]

Decent savings account for company warchest

Hi. my ltd like many will be operating with masses of cash waiting to pay VAT man, Corp tax, and just for a rainy day. So do any of you have a decent biz account which pays interest?

I've been with Alliance and Leicester since we incorporated, they paid 3.5% AER (i think it was 1% below base rate or some such). Now the base rate is pants, they had to put a special rate of 0.1% in place to stop their systems crashing...

So who's got a decent UK based biz bank account which pays interest? and online instance access..? or even 30/90day access would be fine.
Cheers, rich

[max]

Hi. my ltd like many will be operating with masses of cash waiting to pay VAT man, Corp tax, and just for a rainy day. So do any of you have a decent biz account which pays interest?

I've been with Alliance and Leicester since we incorporated, they paid 3.5% AER (i think it was 1% below base rate or some such). Now the base rate is pants, they had to put a special rate of 0.1% in place to stop their systems crashing...

So who's got a decent UK based biz bank account which pays interest? and online instance access..? or even 30/90day access would be fine.
Cheers, rich

Check out standard life. The bonus account was paying 3.7% until next week.

http://www.standardlife.co.uk/conten...ess_index.html

Still reasonable deals to be had.

[TykeMerc]

From my perspective my Warchest is money that I've already paid all taxes and liabilities on so I know exactly how much I have available.

Obviously people treat theirs their own way and rightly so.

[contractor79]

Check out standard life. The bonus account was paying 3.7% until next week.

http://www.standardlife.co.uk/conten...ess_index.html

Still reasonable deals to be had.

yeah I'm applying for that one, paperwork is a pain though