'nther ISA question
Discussion
Should be a simple one, but Google didn't come up with anything that I could make sense of...
I pay myself via PAYE and (very small) dividends, and am growing a nice surplus in the business. What is the best way (most tax efficient) to take some of that surplus out and stick it into an ISA? I dont want to make pension contributions, although I do have a small pension fund, as I don't trust the gubberment not to screw around with funds and how/when you can access them (I know thats possibly changing, but...)
Is it better to up the dividend by the amount I want and take the 20% corp tax hit, or is there a better way?
I pay myself via PAYE and (very small) dividends, and am growing a nice surplus in the business. What is the best way (most tax efficient) to take some of that surplus out and stick it into an ISA? I dont want to make pension contributions, although I do have a small pension fund, as I don't trust the gubberment not to screw around with funds and how/when you can access them (I know thats possibly changing, but...)
Is it better to up the dividend by the amount I want and take the 20% corp tax hit, or is there a better way?
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