Investment Platform for small close company

funkey_monkey

Hi,

I've got a small ltd company and have approx £100k sitting in the account.  I would like to invest the money on behalf of the company.

I've spoken with accountant who has okayed this on the proviso that it is set up as a close company and all is clear that it is a company investment - and not me investing personally.

I've got a LISA with HL - I asked them but they are not accepting company funds.

Does anyone have recommendations for a platform with low charges that will accept a company?

Thanks.

masonic

Interactive investor offers company investment accounts: https://www.ii.co.uk/ii-accounts/company-account

wmb194

funkey_monkey said:

Hi,

I've got a small ltd company and have approx £100k sitting in the account.  I would like to invest the money on behalf of the company.

I've spoken with accountant who has okayed this on the proviso that it is set up as a close company and all is clear that it is a company investment - and not me investing personally.

I've got a LISA with HL - I asked them but they are not accepting company funds.

Does anyone have recommendations for a platform with low charges that will accept a company?

Thanks.

AJ Bell as well.

https://www.ajbell.co.uk/faq/it-possible-open-dealing-account-name-trust

dunstonh

If you use the historic cost accountancy basis, then typically, you would use the offshore bond tax wrapper for limited company investing.   You get to pick when you realise the gains or losses in the investments that way, as the value doesn't need to be changed in the books until you force it with a related transaction.

waveneygnome

Fidelity operate 'corprate accounts' too...........but their functionality is not great - all paper based/phone calls.......no web/account access, but good service everytime I've had to deal with them. 

mika_dm

https://investengine.com/business/

And it's free, but you can invest only in some ETFs.

Richard1212

I recommend Etoro. Although I have not used their corporate facilities (which they offer and I have had good reports of them from friends), I use them for a sudden impulse purchase from time to time and recommend their value for money, efficiency and service.

funkey_monkey

dunstonh said:

If you use the historic cost accountancy basis, then typically, you would use the offshore bond tax wrapper for limited company investing.   You get to pick when you realise the gains or losses in the investments that way, as the value doesn't need to be changed in the books until you force it with a related transaction.

Hi - only getting around to doing something about this now.  Can you please expand on what this is or how it operates?

Futuristic

Free/easy to setup but relatively new: InvestEngine
Free/Established but lengthy process : Interactive Brokers
Established but monthly fee: Interactive Investor

As for setting up and stuff, best article online is: https://www.foxymonkey.com/how-to-invest-your-company-profits/

You will also have some hard time opening bank account for this reason (at least with the newish fintech banks) and will probably need to use a high street bank. 

funkey_monkey

Is investing this money from inside the company the best option, or should be taking it put and investing personally?
I can increase my pension contributions relatively easily (no additional charge for increasing monthly payments).

I'm concerned that my accountant might have given me duff advice as all articles I've subsequently read lean to the side of taking it out of the company (even with the higher dividend tax rate) and then investing personally if I intend to invest.

Increase pension contributions would be the most efficient way to go firstly.  I could make a lump sum into pensions but they charge for it, so ramping up and down the contributions would be a way to circumvent this issue.

Would appreciate thoughts before I go back to accountant on this.

I currently have £125k in business account.  £130k in pension.
Also got a final salary pension, but unsure of its value.
Personally, £180k invested within ISA S&S.  £70k in savings.  £40k LISA.  £5k Shares.

No property nor family commitments.

dunstonh

I'm concerned that my accountant might have given me duff advice as all articles I've subsequently read lean to the side of taking it out of the company (even with the higher dividend tax rate) and then investing personally if I intend to invest.

Vs leaving it the company, paying into the pension and any excess drawing efficiently over the years without creating a tax bill for no reason.

  I could make a lump sum into pensions but they charge for it, so ramping up and down the contributions would be a way to circumvent this issue.

Who charges for it?   Pensions have had initial charges for years.

I currently have £125k in business account.  £130k in pension.
Also got a final salary pension, but unsure of its value.
Personally, £180k invested within ISA S&S.  £70k in savings.  £40k LISA.  £5k Shares.

Remember that pension beats ISA, and LISA in your case.  Yet you have more in your ISA and LISA than you do your pension.    With the amounts involved, pension would appear to be obvious target.