How To Make The Most Of The Cash In Your Business

With bank account and savings interest rates being stagnant at their historically low levels for the last 10 years its easy to understand why so many people are now turning to investments to try and at least keep up with inflation.

We are finding that many of our clients are holding significant sums of cash in their business bank accounts which is being eroded over time by the ever increasing cost of living.

How can we help?

We can show you a number of different ways in which you can make your money work harder for you. We will plan with you to help you get the most out of the fruits of your labour.

Extracting profits with Pensions

One keen way to help you do this is by looking at your scope for pension contributions – still one of the most tax efficient methods of saving for your future because:

  • Your business can save thousands in Corporation Tax
  • You personally get to take more out of your business
  • The money then grows in a tax-free growth environment
  • You can take pension benefits from age 55 onwards and 25% of these can be tax free

And you thought pensions were boring, didn’t you?!

Business Investments

It’s not just individuals that can invest in the markets for the hope of better returns than current account interest. Your business can do this too.

As long as you have a medium to long term view on the investment time horizon – 5 years plus – then it could be prudent to look at investing in the markets.

What about risk?

We will work with you to agree an appropriate level of risk to take, given your individual circumstances – it doesn’t have to be high risk to keep up with inflation if this is what you are looking for.

Take Action today

Using our joined up thinking, we work with your accountants to help you to understand the tax implications for you and your business with either of the above options.

Get in touch on 01270 250800 or email to find out more.

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