Tax-efficient extraction is the process of withdrawing funds from a business to minimize the amount of taxes owed. This can be achieved by using various strategies, such as taking advantage of tax deductions, utilizing tax-advantaged accounts, or structuring the withdrawal to reduce tax liability. Business owners can retain more of their earnings and maximize their profits by implementing tax-efficient extraction methods.
An SSAS pension scheme is a tax-efficient way for members to save for their future while benefitting from significant flexibility, including funding their businesses.
A Venture capital trust can be used to move dividends outside of companies
A personal pension scheme can be used to extract excess profit
Family investment companies can be used to pass assets onto the next generation