Earnings Interest via Limited Company

15 Posts

in Cutting tax
Hi all, just a silly question here to check if i am entirely out of the wack on this.
Given interest rates have risen, interest income has become more substantial, i thought it would be a good idea to incorporate in a limited company and save money via the company account. the structure will be to set up a LTD with say minimal equity, I loan money to the company who will then put into company savings account to earn interest, and then distribute the interest at a more tax efficient way.
There may also be benefits that come with it, i.e. EV company car credit etc.
Is this entirely legit? or would there be a concern for the company's intention to incorporate? fully aware of the cost that may come with (accountants etc etc).
Given interest rates have risen, interest income has become more substantial, i thought it would be a good idea to incorporate in a limited company and save money via the company account. the structure will be to set up a LTD with say minimal equity, I loan money to the company who will then put into company savings account to earn interest, and then distribute the interest at a more tax efficient way.
There may also be benefits that come with it, i.e. EV company car credit etc.
Is this entirely legit? or would there be a concern for the company's intention to incorporate? fully aware of the cost that may come with (accountants etc etc).
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