The FTSE is down at 5041.. now would be a good time to take cash out ltd co as divs, put up with paying the tax, and put it in an ISA Index tracker.
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What's everyone else doing..?
If I put 5k in index tracker, could make 1K back when FTSE bounces back. Which would cover the tax bill.. so would have got the money out of the company.
Alternative could be Entrepreneurs Relief.. although I'd need to create new ltd co at the same time as winding the existing one out.. which might rule that option out. as I've still got a couple of clients with on going project work over next 12 months.
Cheers, rich
BBC NEWS | Business | Market Data | Overview
What's everyone else doing..?
If I put 5k in index tracker, could make 1K back when FTSE bounces back. Which would cover the tax bill.. so would have got the money out of the company.
Alternative could be Entrepreneurs Relief.. although I'd need to create new ltd co at the same time as winding the existing one out.. which might rule that option out. as I've still got a couple of clients with on going project work over next 12 months.
Cheers, rich
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