IANAA, but I would say, keep it in the company then MVL when you retire.
Not sure how much you have stashed away, but if it's a really big wodge, then if you take it all out now, you could hit the 45% tax rate, meaning you would pay an overall higher rate of average tax than if you had taken most of it out every year.
You might want to take out a bit more this year to build up a personal buffer, so you can keep under higher rates in the following years. All depends on your own levels of personal expenditure.
Not sure how much you have stashed away, but if it's a really big wodge, then if you take it all out now, you could hit the 45% tax rate, meaning you would pay an overall higher rate of average tax than if you had taken most of it out every year.
You might want to take out a bit more this year to build up a personal buffer, so you can keep under higher rates in the following years. All depends on your own levels of personal expenditure.
Comment