Location of Warchest - Contractor UK Bulletin Board

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Coalman started a topic Location of Warchest

29 January 2009, 10:42
Location of Warchest

A quick canvas of opinion. A warchest for when things go wrong is deemed usefull by most contractors, but where is the best place for it?

Keeping funds in the MyCo and dribbling them out when on the bench or paying out more when working and keeping funds in personal accounts.

What is the general conensus here? What is the most tax efficient (I guess winding company up and paying minimal CGT)?

TIA

CM
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