In this episode of Ask About Wealth, we discuss a powerful strategy for company owners to extract funds from their business without paying tax, focusing on the benefits of Executive Retirement Funds. If you're a business owner or aspiring to own a limited company, this episode offers crucial insights into how to legally transfer money into your personal wealth with minimal tax implications.
Key Benefits for Listeners:
- Maximize Wealth Accumulation: Learn how to move significant funds from your company to your personal name without paying any tax.
- Tax-Efficient Contributions: Discover how these retirement funds allow you to write off contributions against corporation tax, effectively having the state cover part of your contribution.
- Protected Growth: Understand how these investments can offer superior returns compared to traditional salary withdrawals.
Episode Highlights:
- Access to Funds: We can have access to retirement funds from age 50 onwards, providing flexibility and control over your money.
- Investment Freedom: Learn about the vast range of investment options available within private retirement funds
- Future-Proofing Your Retirement: Explore the potential to move to other EU jurisdictions for even better tax treatment down the line.
The right financial strategy can make a significant difference in how much wealth you retain from your business efforts. Take control of your financial future, reduce tax liabilities, and safeguard your accumulated wealth.
Tune in to Ask About Wealth now and learn how to keep more of your money working for you!
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Information
- Show
- Published6 September 2024 at 10:32 UTC
- Length14 min
- Season1
- Episode6
- RatingClean