Hi - am looking for some wisdom, I don't know if anyone here can help
I started contracting 5 years ago in the consulting line of work. My accountant led me into paying myself the minimal (salary and dividend) from my limited company to then benefit from Entreprenueurs Relief when I finish contracting.
I'd like to draw down the money to buy a property and carry on with my business.
Going onto payroll isn't an option as half of my contracts come through agents that wouldn't do this..
Any ideas how to get my cash out using ER and carry on with my business without going against TARR / Phoenixing rules?
I started contracting 5 years ago in the consulting line of work. My accountant led me into paying myself the minimal (salary and dividend) from my limited company to then benefit from Entreprenueurs Relief when I finish contracting.
I'd like to draw down the money to buy a property and carry on with my business.
Going onto payroll isn't an option as half of my contracts come through agents that wouldn't do this..
Any ideas how to get my cash out using ER and carry on with my business without going against TARR / Phoenixing rules?
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