When you all speak about your warchest's, is this money you have left in the company to take at later dates, or money you have taken out in a a way to minimise your tax exposure and kept in personal bank accounts?
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Warchest
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Warchest
Pleomax
This is an unusual paragraph. I'm curious as to just how quickly you can find out what is so unusual about it. It looks so ordinary and plain that you would think nothing was wrong with it. In fact, nothing is wrong with it! It is highly unusual though. Study it and think about it, but you still may not find anything odd. But if you work at it a bit, you might find out. Try to do so without any coaching! -
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either, it's the money/assets that you have in whatever form that come the time when there is no work available you dip into this "warchest" to survive and maintain your current lifestyleThe proud owner of 125 Xeno Geek PointsComment
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Originally posted by chef View Postto survive and maintain your current lifestyleComment
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Decent savings account for company warchest
Hi. my ltd like many will be operating with masses of cash waiting to pay VAT man, Corp tax, and just for a rainy day. So do any of you have a decent biz account which pays interest?
I've been with Alliance and Leicester since we incorporated, they paid 3.5% AER (i think it was 1% below base rate or some such). Now the base rate is pants, they had to put a special rate of 0.1% in place to stop their systems crashing...
So who's got a decent UK based biz bank account which pays interest? and online instance access..? or even 30/90day access would be fine.
Cheers, richComment
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Originally posted by richy View PostHi. my ltd like many will be operating with masses of cash waiting to pay VAT man, Corp tax, and just for a rainy day. So do any of you have a decent biz account which pays interest?
I've been with Alliance and Leicester since we incorporated, they paid 3.5% AER (i think it was 1% below base rate or some such). Now the base rate is pants, they had to put a special rate of 0.1% in place to stop their systems crashing...
So who's got a decent UK based biz bank account which pays interest? and online instance access..? or even 30/90day access would be fine.
Cheers, rich
http://www.standardlife.co.uk/conten...ess_index.html
Still reasonable deals to be had.Comment
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From my perspective my Warchest is money that I've already paid all taxes and liabilities on so I know exactly how much I have available.
Obviously people treat theirs their own way and rightly so.Comment
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Originally posted by max View PostCheck out standard life. The bonus account was paying 3.7% until next week.
http://www.standardlife.co.uk/conten...ess_index.html
Still reasonable deals to be had.Comment
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