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Recent content by proster
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Investing retained profits
But at some point you'll have to bring that money onshore when you want to spend it.. Assuming you're going to be a high rate tax payer until you retire, you'll be paying high rate tax on this money (income). However, if this is set up as a loan from your uk ltd company to the OIC, then it...- proster
- Post #13
- Forum: Accounting / Legal
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Investing retained profits
That sounds like exactly the kind of thing I was considering.. If your limited company makes a loan to an offshore investment company and pays nominal interest (similar to a deposit on a business current account) then your OIC can make any investment it likes, e.g. property, etc.. The...- proster
- Post #11
- Forum: Accounting / Legal
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low salary and mortgage
I have approached brokers in the past both on my belhalf and my family, but they've never beaten the rates that you can get on the portals. Occasionally on the portals (e.g. moneyfacts or moneyweb..), you do get mortgages that explicitly state that they're only available through IFAs - but...- proster
- Post #9
- Forum: Accounting / Legal
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low salary and mortgage
Not sure if this is useful in your case but a couple of months ago I was approaching the end of my fixed term mortgage whilst I was changing jobs from being a permie to contractor under a ltd company. Although the application was originally made whilst being a permie, I had to inform them of...- proster
- Post #7
- Forum: Accounting / Legal
