If you’re a company owner and you find yourself reluctant to take the profits out of your company because of the tax you will pay, then a VCT may be your solution.
He cannot withdraw this money within the first five years. But after five years he can take it out tax free. This is much less of a restriction than if he had made a pension contribution.
Think a VCT could work for you and your business? Call 01793 686393 to save tax today!
Taking money out of a company: VCT vs No VCT
VCTs - it's not all about tax
It’s true that a VCT is a great tax saver. But it should not be the only reason you invest in a VCT. It is true that a £100,000 investment might only cost you £70,000 (as you get a £30,000 tax saving). But they can be great investments too.
If you have a question about reducing your tax or want advice, or just want to have a chat about it with a UK Qualified Independent Financial Adviser, then phone now on 01793 686393 or contact us online.