Webinar: How to Take Money Out of a Company

Taking money out of your company in a legal and fully compliant way is not as simple as you may think. 1st Formations Liam Dargan and Chartered Governance Professional, Nicholas Campion cover the key ways that you can take money out of a company, and provide some example strategies for doing this in a tax-efficient way.
In this talk we cover:
- Why extracting money isn’t as simple as you may think
- The methods by which money can be taken out
- Practical examples of how you can do so efficiently
- Key considerations for non-UK residents
Website: www.1stformations.co.uk/
Blog: www.1stformations.co.uk/blog/
Facebook: / 1stformations
Instagram: / 1stformationsofficial
LinkedIn: / 1st-formations
Twitter: / 1stformations
Tags:
#1stformations #businessadvice #smallbusiness #smallbusinesses #businesspartner #director #companydirector #shareholder #dividends #expenses #directorsloan #directorssalary

[@MrJosef96]

Thanks for all the information

[@user-tv6xx9lp7b]

very informative

[@sasukeblack8943]

so great

[@1stformations]

Thanks for your high praise. Do you have a limited company?

[@user-dd2wd5ih3y]

Why don't you provide a video on obtaining mortgages for the self employed directors etc, especially start ups who have difficulty raising finance?

[@1stformations]

That is a great idea which we will consider. Have you struggled to get a mortgage due to self-employment?

[@aligokayduman7088]

Hi, I have a limited company in the UK, I am not a UK citizen and I live non-UK country. I'm the only shareholder of this company and also the director.
I have two questions
1) If I pay myself up to 12.750 pounds (LEL) in a year, can I benefit from the tax-free salary?
2) Can I take an amount over 12.750 pounds by dividend with an 8.75% tax rate?
Thanks

[@1stformations]

Thank you for your kind enquiry. Unfortunately we are unable to provide tax advice. We would recommend consulting a tax accountant / solicitor for an answer to your question.

[@I-NetHuddle_NicolaDeSantis]

Great video, probably the use of some visual (slides or a dashboard with numbers would have helped a bit). It would be interesting to have a video covering the same topic for non-resident shareholders and/or directors. I understand that under a point of taxation it depends on the tax double treaty between UK and the country the non-resident shareholder is living, but it could be interesting to cover an EU resident shareholder (for sure there is a tax double treaty in place), a NON-EU resident shareholder using a country that has a tax double treaty with UK and a NON-EU resident shareholder with no tax double treaty in place).

[@1stformations]

Thanks for the feedback. We will consider a video on this topic. Are you on a non-UK resident?

[@I-NetHuddle_NicolaDeSantis]

Yes O am not resident
@@1stformations

[@1stformations]

@@I-NetHuddle_NicolaDeSantis OK great, where do you live?