Ok, my position. Outside IR35 with LtdCo. I take a 'minimum wage' salary with dividends up to the tax threshold. The remainder is building up within the Company Reserve Bank Account. Demand is good (touch wood) so I anticipate this build up to continue.
As far as I can see there are the following options :
a). Withdraw some / all funds over the threshold paying the additional tax. Net amount invested (in ISA, bonds, etc)
b). Company contributions into a pension scheme
c). Leave in the bank to accumulate to be drawn annually up to the threshold (on-going into retirement)
d). Other
What do you guys / gals do ? I am trying to get the weight of the panel's opinion as to the best course of action
As far as I can see there are the following options :
a). Withdraw some / all funds over the threshold paying the additional tax. Net amount invested (in ISA, bonds, etc)
b). Company contributions into a pension scheme
c). Leave in the bank to accumulate to be drawn annually up to the threshold (on-going into retirement)
d). Other
What do you guys / gals do ? I am trying to get the weight of the panel's opinion as to the best course of action
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