Can I do anything with cash sitting in ltd company account?

gem1978_2

I'm keeping a significant amount in my business account now as I don't need to take it all out as dividends and don't want to pay the higher tax rates.

Is there useful I can do with it? Buy things to store value? Invest? I'm worried about inflation eating away what j was going to use to live off for several years as the business winds down.

I contribute the max for my pension already.

Grumpy_chap

gem1978_2 said:

I'm keeping a significant amount in my business account now as I don't need to take it all out as dividends and don't want to pay the higher tax rates.

Is there useful I can do with it? Buy things to store value? Invest? I'm worried about inflation eating away what j was going to use to live off for several years as the business winds down.

I contribute the max for my pension already.

You can draw the money as salary or dividend.  Both will be subject to the taxes that you don't wish to incur.

You can buy an EV, subject to 1% BIK but, AIUI, eligible for 100% write down against corporation tax.

You can contribute to pension, but you say the limits are already consumed.  Do you have any unused allowance that can be carried forward from previous years?

If it is a very significant amount, the you might have options such as a buy-to-let (with all the appropriate impacts of that) or buy  / gamble on an old-master piece of artwork to display in the corporate reception area.  

The company can donate the money to charity.

Not much else, I'm afraid.