Are student loans repayed on Capital Gains??

[joey122]

Basically am in a pickle and my accountants Upton have not been great with advice here....

Say my company makes 100K a year. Take 5K out for expenses and 5K for my salary.

That leaves 90K.

I was under the impression I could pay about 37K in dividends which are tax free (as corp tax is paid on them) - However I have a student loan which I dont want to pay back just yet so if I do this I am 9% out of pocket.

I do not actually need the money - It can stay with the company - I just want to see whether anyone has ideas on how to avoid this??

I initially thought of closing the company after 3 years and only taking a 5K salary. I guess I could then use entrepenurial relief and pay 10% on everything withdrawn.

How do people on here actually get around paying student loans hwere possible and what is the general accepted route for taking money out of the company above the 37K dividend route

[jmo21]

[jmo21]

I was under the impression I could pay about 37K in dividends which are tax free (as corp tax is paid on them) - However I have a student loan which I dont want to pay back just yet so if I do this I am 9% out of pocket.

There is so much wrong with this paragraph I don't know where to start.

Pretty tulipe trying to blame Uptons - I bet they didn't make up this nonsense for you.

[joey122]

There is so much wrong with this paragraph I don't know where to start.

Pretty tulipe trying to blame Uptons - I bet they didn't make up this nonsense for you.

Please say in one sentence what you think is so wrong?

And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward

[DiscoStu]

Please say in one sentence what you think is so wrong?

I'll do it in one word: You.

HTH

[joey122]

I'll do it in one word: You.

HTH

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

[DiscoStu]

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

The reason you're patronised is because you come across as a retard.

HTH

[oracleslave]

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

I'd love to help you out Joey. Do you remember which way you came in?

[joey122]

I'd love to help you out Joey. Do you remember which way you came in?

Another example of arse*ole forum members with 6K posts.

If you dont want to contribute then GET STUFFED madmad

[RichardCranium]

Are student loans repayed on Capital Gains??

Where does Capital Gains Tax come into it. Anyway,

If you have any ’unearned income’ from other sources like savings or investments, remember that this counts towards your total income.

I have a student loan which I dont want to pay back just yet

Given it has an interest rate of 0% I can see why.

I initially thought of closing the company after 3 years and only taking a 5K salary. I guess I could then use entrepenurial relief and pay 10% on everything withdrawn.

I think the taxman might see right through that.

How do people on here actually get around paying student loans hwere possible

By being so old they got a grant or by not having gone at all.

what is the general accepted route for taking money out of the company above the 37K dividend route

By taking even more dividends. Or pensions. Or expenses. Or something else, spending it on stuff I suppose