Dividends Salary Investments - Stupid questions! Dividends Salary Investments - Stupid questions! - Page 2
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  1. #11

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    Quote Originally Posted by tomtomagain View Post
    This doesn't smell like an attempt to dodge tax at all!



    No, there isn't.
    Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

    This usually pays 1% a year at best but still...
    "The boy who cried Sheep"

  2. #12

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    Quote Originally Posted by CryingSheep View Post
    Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

    This usually pays 1% a year at best but still...
    RateSetter (or similar) - allows Ltd Co investment accounts and potentially better returns (your Ltd's cash is at risk, etc...)

  3. #13

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    Quote Originally Posted by CryingSheep View Post
    Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?
    Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

    But the rates are so low it's going to make very little difference in the great big scheme of things.

  4. #14

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    Quote Originally Posted by tomtomagain View Post
    Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

    But the rates are so low it's going to make very little difference in the great big scheme of things.
    With all due respect OP doesn't really know what s(he) is talking about. Investing is long term game, looks like OP is mainly interested in "harnessing" the money due to Hector with quick access when the VAT/CT bill is due. To which the only viable option is a savings account.

    Quote Originally Posted by Spoiler View Post
    RateSetter (or similar) - allows Ltd Co investment accounts and potentially better returns (your Ltd's cash is at risk, etc...)
    Ratesetter and similar P2P lending schemes are in decline. It's getting harder and harder to get your money out, when you add in the inherent risk of losing the capital, not really something I would recommend putting CT/VAT money into.

  5. #15

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    Quote Originally Posted by tomtomagain View Post
    Sure, you can have a savings account but the OP said Invest in. which I took to mean something other than a bog-standard business savings account.

    But the rates are so low it's going to make very little difference in the great big scheme of things.
    Yes, I agree... was thinking about companies accumulating money for several years. 1% always helps to minimise the 'lost' due to inflation...
    "The boy who cried Sheep"

  6. #16

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    Quote Originally Posted by CryingSheep View Post
    Is it ok to keep company money (even the money due for CT and VAT) on a company savings account, no?

    This usually pays 1% a year at best but still...
    Pay your corporation tax early and get 0.5% interest on that.

  7. #17

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    Quote Originally Posted by RyanDS View Post
    Pay your corporation tax early and get 0.5% interest on that.
    My worst business savings account pays my co 1%

  8. #18

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    Quote Originally Posted by jmo21 View Post
    My worst business savings account pays my co 1%
    Which one (s) pay more than that?
    "The boy who cried Sheep"

  9. #19

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    Quote Originally Posted by CryingSheep View Post
    Which one (s) pay more than that?
    Most fixed savings accounts will, like this one from VM 1-year fix at 1.75%

  10. #20

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    Quote Originally Posted by CryingSheep View Post
    Which one (s) pay more than that?
    Mine are with Aldermore
    Business Savings Accounts - Aldermore Bank

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