How do you take tax free money out of a limited company?

See the detailed article here: www.optimiseac...

[@lawrencer25]

Really helpful video. Thank you very much

[@UK-Property-Tax-Accountants]

You are very welcome 🙏

[@michaelereola7046]

Great video. Is the amount from your ltd company to your pension pot restricted to 40k per year and can you go back last 3 years if you've not contributed up to the 40k max?

[@UK-Property-Tax-Accountants]

You can indeed go back three years, which is good news for Friday

[@Mydr007]

Does pension investment from a ltd company have to be in a separate scheme set up by the company or can it be into a sipp of one of the directors?

[@UK-Property-Tax-Accountants]

A company can invest into your own sipp pension

[@sevculham3246]

@@UK-Property-Tax-Accountants do the salary to directors get taxed?

[@UK-Property-Tax-Accountants]

Yes they do on their self assessment tax returns or through PAYE

[@nancyguo01]

Thank you for the video, i have a question regarding the director loan, lets say i purchase the property though LTD for £500k, after the deposit the fees i put down £170k, can this be the director loan when i withdraw profit?

[@UK-Property-Tax-Accountants]

This would be a debt. The money you take out of the company to repay the directors loan account is tax-free. You may also charge interest on the directors loan you have given to the limited company

[@nancyguo01]

@@UK-Property-Tax-Accountants thank you for the reply. When you say there is a date. What do you mean ?

[@UK-Property-Tax-Accountants]

Please see edited comment, sorry 😢

[@nancyguo01]

@@UK-Property-Tax-Accountants this is really great. Thank you 😊 is there a requirement or time limit on when I have to withdraw the director loan ? Thank you 🙏

[@UK-Property-Tax-Accountants]

None at all 👍