Originally posted by Moscow Mule
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How to make the most of unclaimed dividends?
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Originally posted by Lumiere View PostNever heard of it, can someone confirm if that's possible ? Wouldn't that result in BIK ?
HOWEVER, it's open to a lot of interpretation if HMRC ever find out. If you google for
offset mortgage using ltd company funds
you'll find a link to another contractor site with an article about how it's pretty dodgy and the things they can catch you for..."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Lumiere View PostNever heard of it, can someone confirm if that's possible ? Wouldn't that result in BIK ?
Stoozing Forum - Would it be possibleComment
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Originally posted by Lumiere View PostNever heard of it, can someone confirm if that's possible ? Wouldn't that result in BIK ?
* Each employee or director earning at a rate of £8500 a year , or more and
* Each director earning at a rate of less than £8500 a year, unless they are a full-time working director with no material interest in the company"
Surely, this IS benefiting the director and therefore a P11d entry.Comment
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Originally posted by Lumiere View PostOK, did some research on the subject, does not look like it is going to work:
Stoozing Forum - Would it be possiblemerely at clientco for the entertainmentComment
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You could buy a charter yacht or holiday property as an investment.
You could probably sponsor a motor racing team or other sporting endeavour as "marketing" if you were that way inclined.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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If you're an old timer like me, it's a no brainer to use a SIPP. I recently paid in £60k to my SIPP and a few days later got a cheque back for £15k tax free, leaving £45k in the SIPP and no personal or ltd co tax paid at all. Not bad. Unfortunately, you now need to be >55, upto April 2010 it was >50.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by eek View PostThere was something on here from one of the accountants (can't remember his name but he's based on Watford) that gives you a possible way via a deed of trust. I think the argument is that it offers better security for the companies money because if the bank disappeared the loan and savings would be totalled out but you could then repay the company by taking out another loan.
PUMAComment
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