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Striking off Application by a Limited Liability PG & Co Form

Striking off Application by a Limited Liability PG & Co Form

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[Music] foreign [Music] a successful company with cash in the bank and assuming you're not looking to sell the business what are the options when you decide to call it a day well firstly you could pay a large bonus or dividend in order to get the money out of the company but that's likely to be subject to quite High rates of tax perhaps 40 percent or more so normally there are better options another alternative would be be to put some money into the director's pension scheme and that can be quite tax efficient but there are some considerations to make with that and so you want to take advice before doing so third alternative is that you can simply draw the money from the company over a number of years and that can be quite attractive as a basic rate taxpayer uh you could draw that down at 8.75 percent as dividends and if your spouse holds shares in the company as well then they could also take dividends 8.75 as long as their basically great taxpayers so potentia

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