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Recent content by dazbear
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Continue to draw salary/dividends after stopping work??
Thanks, I now feel a bit more informed before speaking with the accountant :) I would like to keep the company going as I may end up after my 'break' and exploring other avenues that the "grass wasn't greener" after all and decide to pick up where I left off (ha). Thanks for all of your advice :)- dazbear
- Post #8
- Forum: Accounting / Legal
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Continue to draw salary/dividends after stopping work??
Not old enough to retire - just having a break and then want to do something totally different. So people don't see an issue with taking a dividend each year until the coffers are empty? I had heard that HMRC would take issue and class it as a CiC???- dazbear
- Post #4
- Forum: Accounting / Legal
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Continue to draw salary/dividends after stopping work??
After 7 years I am planning on stopping work in August. There will be around £50,000 retained profits in my ltd company at this point. The idea was to continue to draw down a small salary (or through dividends) over a number of years until the pot is empty. I have signalled this to my...- dazbear
- Thread
- Replies: 7
- Forum: Accounting / Legal
