Is there much to be gained by maxing out the directors loan allowance (btw is this 2k or 5k ?) to bung into my offset mortgage, repay at year end, and repeat... Or just simpler to stick to extracting salary + divis ?
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using directors loan to offset ?
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Originally posted by reginald View PostIs there much to be gained by maxing out the directors loan allowance (btw is this 2k or 5k ?) to bung into my offset mortgage, repay at year end, and repeat... Or just simpler to stick to extracting salary + divis ?'CUK forum personality of 2011 - Winner - Yes really!!!! -
Here is interesting link as well.
http://forums.contractoruk.com/accou...-mortgage.html
and some more about running directors loan and the pitfalls/gotchas
http://forums.contractoruk.com/accou...n-account.html
http://forums.contractoruk.com/accou...-loan-how.htmlLast edited by northernladuk; 16 March 2011, 17:55.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by reginald View PostIs there much to be gained by maxing out the directors loan allowance (btw is this 2k or 5k ?) to bung into my offset mortgage, repay at year end, and repeat... Or just simpler to stick to extracting salary + divis ?
THEPUMA was going to send me some templates about how to do this properly, but he never did.Comment
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You CAN use company money in an offset arrangement if the funds are held in trust by you on behalf of the company.Comment
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Originally posted by Just1morethen View PostYou CAN use company money in an offset arrangement if the funds are held in trust by you on behalf of the company.
http://forums.contractoruk.com/accou...k-account.html'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by prozak View PostTHE PUMA was supposed to email me details also.
I guess it is not so real after all.Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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