Money left in Ltd Cy = what to do with it ?
Discussion
Wife and I are likely to finish the year with £15k or £20k worth of profits that we can't pay ourselves with in dividends as it would tip us both in the 40% bracket thingy. Or 32.5% Dividend tax thingy whatever.
We don't actually need that money. What shall we do with it ?
Can the Company pay it in a pension scheme ? How easy is it to set up ? I happen to have a personal pension scheme too, could the Cy pay into that ?
What's the more efficient way fiscally ?
Who should we speak to ?
Thank you !
We don't actually need that money. What shall we do with it ?
Can the Company pay it in a pension scheme ? How easy is it to set up ? I happen to have a personal pension scheme too, could the Cy pay into that ?
What's the more efficient way fiscally ?
Who should we speak to ?
Thank you !
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