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Recent content by perftractor
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Surplus cash investment
How did you the fund the separate ltd? did you draw an agreement and what loan rate did you go for? Accountant of my primary ltd co is not keen on 0%. His suggestion was to go for BOE base rate + 2% which I am not keen on as it would draw 20% income tax on it. I do have savings account in...- perftractor
- Post #12
- Forum: Accounting / Legal
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Surplus cash investment
These are guys are/were "pro" active investors. I do not have plans to hand over my money to someone else to invest and not looking for a 20 to 30% return year or year. I believe in passive investing and happy with anything between 5 to 10% annual return.- perftractor
- Post #10
- Forum: Accounting / Legal
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Surplus cash investment
Thanks for replying ChimpMaster. I did look at the link before starting this new post. The new ltd company I opened has SIC codes for both property and shares investing. I have the dropped the idea of investing in real estate at this time due to a all time high housing market and increasing...- perftractor
- Post #9
- Forum: Accounting / Legal
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Surplus cash investment
Thanks for wise words northernladuk. I have been my managing SIPP for last 8 years and doing fine. Yep, the money is surplus so planning to invest it carefully as a regular investment. I am fine on the warchest front. I did loose a chunk of money when started investing / trading shares and...- perftractor
- Post #7
- Forum: Accounting / Legal
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Surplus cash investment
Thanks for replying Lance. I am still working and have no plans to close the ltd company. Withdrawing it right now will come with a huge tax bill. If I close the ltd company and take ER then I would have take a permanent job or an inside ir35 role which I am not keen on. I can do nothing and...- perftractor
- Post #6
- Forum: Accounting / Legal
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Surplus cash investment
Hi, Hope you all are well. I have been contracting for many years and have been taking salary and dividends. I also invest in SIPP every year but still got a surplus cash left. I used to have Business Savings accounts but inflation being jumped to ~10%, the 1 to 2 % savings rate is not going...- perftractor
- Thread
- Replies: 16
- Forum: Accounting / Legal
