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How soon to take all profits as dividends
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Originally posted by Platypus View PostYeah yeah, apart from that I mean !!!
Very drole'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Must admit I dont see why you'd ever not use all your 42K allowance? Surely the best bet is to use this up as much as possible and bung it in an ISA/savings account.
Not sure if taking more out is the best idea unless you really need the money. Of course, best bet if personal situation allows is to pay 50/50 with the mrs so you both get to use the tax allowance.
Failing that anything over that might as well either bung in pension or leave there for the time being.
So NLUK - what do you do? Leave as much in company as possible? i.e thats your warchest rather than your own savings? Whats the advantage in that?
I know personal savings rates are crap but they're better than business ones...Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by rambaugh View PostThat's what I meant. I can't think of too many other reasons why a director would leave shareholders funds sitting dormant earning little or no interest unless of course they had a strategy for deploying capital for productive use.
Has anyone tried this sort of thing?Comment
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Originally posted by yetanotherbob View PostI sort of thought of putting it in high interest funds abroad (~9-10% p.a.) - of course, all the profits/interest then get repatriated back to the company in the UK, then I can plan all the personal tax implications later.
Has anyone tried this sort of thing?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by yetanotherbob View PostI sort of thought of putting it in high interest funds abroad (~9-10% p.a.) - of course, all the profits/interest then get repatriated back to the company in the UK, then I can plan all the personal tax implications later.
Has anyone tried this sort of thing?
Good to see some discussion on ideas other than simply leaving funds in a "warchest" which inevitablely exposes funds to inflation risk / negative compound effect.Comment
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