Participants Loan

[snaw]

Anyone know anything about participants loans in limited companies?

Reason I ask is a friend, who's an accountant, said it was a legit way of making a loan from your company which didn't have a limit on it like a directors loan. From what he said you had to pay 25% tax on it, which would be paid back to you when the loan was repaid, and the loan could be paid back I htink 18 months after year end.

Any of this make sense?

[Bluebird]

Anyone know anything about participants loans in limited companies?

Reason I ask is a friend, who's an accountant, said it was a legit way of making a loan from your company which didn't have a limit on it like a directors loan. From what he said you had to pay 25% tax on it, which would be paid back to you when the loan was repaid, and the loan could be paid back I htink 18 months after year end.

Any of this make sense?

isn't this where you borrow money from a pension scheme ?

[snaw]

Not as I understood it when he explained it to me. Don't recall any mention of pensions.