Dividends Salary Investments - Stupid questions!

[CryingSheep]

This doesn't smell like an attempt to dodge tax at all!



No, there isn't.

Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

This usually pays 1% a year at best but still...

[Spoiler]

Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

This usually pays 1% a year at best but still...

RateSetter (or similar) - allows Ltd Co investment accounts and potentially better returns (your Ltd's cash is at risk, etc...)

[tomtomagain]

Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

But the rates are so low it's going to make very little difference in the great big scheme of things.

[sal]

Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

But the rates are so low it's going to make very little difference in the great big scheme of things.

With all due respect OP doesn't really know what s(he) is talking about. Investing is long term game, looks like OP is mainly interested in "harnessing" the money due to Hector with quick access when the VAT/CT bill is due. To which the only viable option is a savings account.

RateSetter (or similar) - allows Ltd Co investment accounts and potentially better returns (your Ltd's cash is at risk, etc...)

Ratesetter and similar P2P lending schemes are in decline. It's getting harder and harder to get your money out, when you add in the inherent risk of losing the capital, not really something I would recommend putting CT/VAT money into.

[CryingSheep]

Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

But the rates are so low it's going to make very little difference in the great big scheme of things.

Yes, I agree... was thinking about companies accumulating money for several years. 1% always helps to minimise the 'lost' due to inflation...

[RyanDS]

Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

This usually pays 1% a year at best but still...

Pay your corporation tax early and get 0.5% interest on that.

[jmo21]

Pay your corporation tax early and get 0.5% interest on that.

My worst business savings account pays my co 1%

[CryingSheep]

My worst business savings account pays my co 1%

Which one (s) pay more than that?

[sal]

Which one (s) pay more than that?

Most fixed savings accounts will, like this one from VM 1-year fix at 1.75%

[jmo21]

Which one (s) pay more than that?

Mine are with Aldermore
Business Savings Accounts - Aldermore Bank