I know this topic pops up every now and again, with the oft quoted advice to just draw dividends and do it manually blah blah.
Of course, I know better than everyone else ever (
) and would like to clarify the position around this.
My warchest is big enough now that I'd be comfortable investing a proportion of it - I'm concerned that, even in 'high' interest savings accounts I'm probably losing money in real terms. I don't want to withdraw it as I'll pay skyhigh tax and the whole point is that it sits in MyCo until I personally need it to top up my contract income.
Plan would be fairly safe tracker funds for most of it (It being what I'm willing to invest) and maybe some play investments around it.
So does anyone do investments via their Ltd Co? Is there *really* a chance I get classed as a CIC?
What's the deal with tax - is it as easy as losses are tax deductible and gains at 20%? Has anyone sat down and ran any generic numbers vs DIY via Dividends?
Of course, I know better than everyone else ever (
) and would like to clarify the position around this.My warchest is big enough now that I'd be comfortable investing a proportion of it - I'm concerned that, even in 'high' interest savings accounts I'm probably losing money in real terms. I don't want to withdraw it as I'll pay skyhigh tax and the whole point is that it sits in MyCo until I personally need it to top up my contract income.
Plan would be fairly safe tracker funds for most of it (It being what I'm willing to invest) and maybe some play investments around it.
So does anyone do investments via their Ltd Co? Is there *really* a chance I get classed as a CIC?
What's the deal with tax - is it as easy as losses are tax deductible and gains at 20%? Has anyone sat down and ran any generic numbers vs DIY via Dividends?
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