Getting money out of your company

How to extract profits from your company tax efficiently

Avoid a large tax bill.

There are a variety of ways of extracting money from your company in a tax efficient way. Understanding the rules and planning accordingly is key and in this guide, we’ll explain and compare the different options available to you, including:

• The tax treatment and rules for salaries, director’s fees and bonuses.
• Using your personal and dividend allowance to achieve entirely tax-free profit extraction.
• Different methods of tax efficient profit extraction such as Benefits in Kind, pension contributions, restructuring your company shareholding and alternative investments.
• Getting imaginative with profit extraction: alternative methods you may not have considered.