Directors loan repayment rules and charges

[legal]

Hi All, Once again I haven't got clear info from my accountant regarding this and hence here is my simple question...

I need to withdraw £5k from ltd company as a director.

Company financial "year end": June 2012

As I understand, I need to pay...

[graeme86]

I'm looking to clarify wither taking a director's loan (say £4999) is conditional on the purpose of the loan and the financial situation of my company.

I will be beginning my first contract in the next couple of weeks. I have already earned around £22k this year from my full time job...

[Wanderer]

So I've done a search which brought up a lot of people asking this question only for other people to say "do a search". I'm hoping we can get a definitive answer to the question here.

Doing a Google, you find a lot of people saying "Don't take more than £5,000 or you end...