Hi all,
New to this site as a contributor (closet reader for a while) and had a query some of you seasoned clever types may be able to answer.
Been contracting for a while doing the usual low salary/dividends option, maximising things as much as possible with my wife who doesn't have a separate job.
I was introduced to an onshore tax scheme by a friend for a company called Lambard Wealth.
Their website and their FAQs are here - w ww.l-wealth.com/faqs - Lambard Wealth » FAQ’s (Sorry Admin if links are not allowed) and they state "Our strategies do not utilise Company Loans". HOWEVER, after speaking to one of their guys, it turns out they DO utilise company loans, which has already set some pre-alarm warnings going.
Not completely dismissing it but was hoping some of the more experienced people here with these schemes may be able to either spot glaring warning signs I'm missing or verify if this is an innovative product / old hat been done a million times elsewhere.
Thanks in advance!
M
New to this site as a contributor (closet reader for a while) and had a query some of you seasoned clever types may be able to answer.
Been contracting for a while doing the usual low salary/dividends option, maximising things as much as possible with my wife who doesn't have a separate job.
I was introduced to an onshore tax scheme by a friend for a company called Lambard Wealth.
Their website and their FAQs are here - w ww.l-wealth.com/faqs - Lambard Wealth » FAQ’s (Sorry Admin if links are not allowed) and they state "Our strategies do not utilise Company Loans". HOWEVER, after speaking to one of their guys, it turns out they DO utilise company loans, which has already set some pre-alarm warnings going.
Not completely dismissing it but was hoping some of the more experienced people here with these schemes may be able to either spot glaring warning signs I'm missing or verify if this is an innovative product / old hat been done a million times elsewhere.
Thanks in advance!
M
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