Extracting/making use of money in business account

[Alexander Coe]

Seeing as taper relief is being done away with this April, are there any other ways to get money out of the company in a tax efficient way when the time comes?

And was wondering what ways there are of making tax efficient use of the money in the company (apart from a pension)?

Am assuming it make sense to treat the money in the account as your "on the bench" fund, rather than rely on money you've already extracted (assume same applies to money put aside for any IR35 complications...) But what else can you creatively do with the money in the account, without extracting it, and occurring 25% on the Divs when you pass your threshold - Is there advantages to be had with property or investing in stocks etc?

Cheers, Lex

[max]

Is there advantages to be had with property or investing in stocks etc?

Cheers, Lex

Nope...capital gains on property/stocks not treated favorably. No CGT allowance etc.

Pension does appear to make the most sense.(IMO)

Leaving the country and not returning for 5 years can also be handy...when closing the company. No Cap gain tax to pay in the uk

[Hiram King Of Tyre]

Why doesn't a pension make sense? At 48, it looks a pretty good option to me

[Gonzo]

Why doesn't a pension make sense? At 48, it looks a pretty good option to me

By my calculations, which may not be right, I think it is marginally more tax efficient to make the pension payments personally at the moment but that will change after the next tax year when small company corporation tax moves to a higher rate than personal income tax.

Usual disclaimer, IANAA etc etc

[Alexander Coe]

Why doesn't a pension make sense? At 48, it looks a pretty good option to me

I'm 29, would rather be able use some of the cash for investments than have it locked away in a pension for years!

Thanks for the replies anyway.