Hi all,
I was wondering if people take their full allowances for themselves and partners out as dividends to invest in ISAs at 10k each? Not sure if this makes sense financially once you factor in the additional corporation tax.
Also wondering how much of a war chest that people sit on in case of non work? I currently have £40k but it seems quite a lot to sit their doing nothing. I like the security (e.g. not working at the moment) but not sure what other options would be available without incurring Corporation Tax
Would be interested to hear how others play it. As you can tell, I am relatively financially naive!
Thanks
I was wondering if people take their full allowances for themselves and partners out as dividends to invest in ISAs at 10k each? Not sure if this makes sense financially once you factor in the additional corporation tax.
Also wondering how much of a war chest that people sit on in case of non work? I currently have £40k but it seems quite a lot to sit their doing nothing. I like the security (e.g. not working at the moment) but not sure what other options would be available without incurring Corporation Tax
Would be interested to hear how others play it. As you can tell, I am relatively financially naive!
Thanks
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