Originally posted by DirtyDog
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Directors Loan and Company Expenses
Collapse
X
-
-
Originally posted by youngguy View PostHi NLUK
interested in hearing how you make the money work for you? I am aware of 'high' risk ventures which could give a return but you could end up losing. If we assume that most people's divi's are used as living costs on a month by month basis, then a venture is likely to need to be low risk, higher return than leaving in co account and immeditaely accessible (or at least within that year). On that criteria, it would probably rule out bonds, ISAs, shares.
I'm monthly at the moment, but like the idea of taking annually and getting a little more.
Rest is as DD says. Even at 1.5% doing this year on year over your contracting career it will mount up.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
-
Remember that when you put your cash into an offset mortgage, you are saving interest that would otherwise be paid on the borrowing rather than earning interest on savings – this is therefore a tax efficient way of making use of your money. You won’t get taxed on money invested in ISAs of course but the amount that you can invest is limited and the return (on cash ISAs at least, is often poor).
CraigComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment