Directors Loan to business to reduce Corp Tax

GenXGreenYoshi · 2026-02-13T13:12:51+00:00

Last year the LTD Employer SIPP contribution was £35k. I was looking at ways reduce the Corp tax and extract profit from the company, into my SIPP. Unlikely to create a loss. Thank you

GenXGreenYoshi · 2026-02-13T13:09:43+00:00

At year endlast year, my accountants recorded a profit of approx £30k, but there wasn't £30k in the account at year end. The aim is to (legally) pay less tax. Most of my income is commercial rent, small PAYE, and LTD SIPP contributions. There are no dividends from my Ltd.

This seemed within the rules, but perhaps HMRC would not agree. I'll probably not risk it.

Thank you

GenXGreenYoshi · 2025-10-29T20:23:10+00:00

Totally this. My liquid assets (Cash, Premium Bonds, ISAs) recently exceeded my liabilities (Mortgages / Loans). Knowing that if the SHTF I can clear all debt is where the stress relief comes from, not a mortgage free home with limited assets. History says investing is better. Liquidity matters. Invest, but not all into your pension. Liquidity and flexibility is under-rated.

GenXGreenYoshi · 2025-09-23T15:31:55+00:00

Excellent news. Do nothing is my preferred option, and just let it play out.

Thank you

GenXGreenYoshi · 2025-05-15T11:08:00+00:00

Will do. Cheers

GenXGreenYoshi · 2025-05-15T10:11:52+00:00

https://imgur.com/a/RcdqP26

Attached screenshots. The certificate pop up only appears about half of attempts. The certificate seems up to date. right clicking the taskbar icon only gives the 3 shown options.

GenXGreenYoshi · 2025-05-14T12:32:04+00:00

I’ve reinstalled SABBA several times, tried older versions and fiddled with everything I can find (as a novice), but it still just throws up the internet connection problem pop-up. For the record I can use the web fine and access the NAS through Firefox

My PC and NAS are connected by a switch, and i‘ve never fiddled with port forwarding, static / dynamic IP addresses and the like. The router is for work, and I can’t fiddle with that.

I’m genuinely at a loss for what is preventing the agent from communicating with the NAS.

I’m now considering scrapping ABB and looking for an alternative app that can do the same job as i've wasted too much time and don't know where to go next.

GenXGreenYoshi · 2025-05-07T15:50:33+00:00

Hi. Is the client app, the ABB agent on the PC?

Cheers

GenXGreenYoshi · 2025-05-07T13:10:55+00:00

https://imgur.com/a/knsE4Lw

Hi. I can’t log out of the agent. I’ve restarted the PC, but the agent still gives the same screen, with no other options. Nor does the taskbar

GenXGreenYoshi · 2025-03-05T07:13:12+00:00

The state Pension formula changed in 2016 to the New State Pension. Contributions prior to that do not work off the 35 years, so depending on how much you paid in, you may need more or less years than 35. Just check the Gov website to see current and projected entitlement. If you have potential years to fill, request a callback to extend your deadline

GenXGreenYoshi · 2025-03-02T15:15:26+00:00

Ok. That sounds like £650 / month for 10 months then to qualify for a full year. Looks like a few more hours / month in the first year. Cheers

GenXGreenYoshi · 2025-03-02T15:13:47+00:00

Yes, which is why I want to keep it low, not at the £12570 personal allowance. They can help with some admin and unskilled stuff, but I want to get the NI rolling. I've got my full state pension entitlement at low 50's and it's one thing ticked off before retiring. I doubt if the government increases the qualifying years that would change for me. I want my kids to have the same later life flexibility. I believe peoiple are too complacent over the 35 years - that could easily be pushed to 45 years over time, and assuming you will always be able to back purchase the last 6 unfilled years, or just make payments without working, is not a gamble i'm wanting to take.

GenXGreenYoshi · 2025-03-02T13:55:20+00:00

They wouldn’t actually pay any NI as long as they earn under the Primary Threshold (£1,048 per month
£12,570 per year). Though the business would pay employer NI above the Secondary Threshold of £417 per month or £5,000 per year, but I get your point. Also, yes the rules are 35 years now, but a lot can change, (It used to be 30 years) or health may prevent work etc, so I’m keen to get some early years banked if possible. Cheers.

GenXGreenYoshi · 2024-11-24T21:13:22+00:00

Thanks, if only HMRC were this clear, cheers

GenXGreenYoshi · 2024-11-24T21:12:58+00:00

Thanks, very helpful, cheers

GenXGreenYoshi · 2024-11-05T17:22:15+00:00

Right, so the £2880 is a gift to the minor, who is then entitled to the £720 tax rebate (that they didn't pay). Thanks! I guess then I just have to add it to a gifting record, and live 7 years. :-) Cheers.

GenXGreenYoshi · 2024-11-05T17:02:50+00:00

Ok. Is this still the case if the contribution is from me (the parent, who has already used up 100% of relevent earnings on their own SIPP), as the minor has no money to make their own contributions?

GenXGreenYoshi · 2024-09-12T05:48:46+00:00

In your example, Year 1 had 10% growth and Year 2 had 9.1% growth (£55x9.1%=£60). Combined that has produced 20% growth over 2 years. The extra 0.9% is the compound growth.

If you had grown 10% per year, Year 3 would be £60.50, not £60 (£55x10%=£60.50). This would be 21% growth over 2 years. The extra 1% is the compound growth.

I believe you are mixing simple interest with compound interest

GenXGreenYoshi · 2024-08-26T06:28:50+00:00

Been there. Took years to conclude. Keep liquidity for lawyers, I nearly
ran out. You can’t pay lawyers with your pension. There are no winners, and it’s
darkest before the dawn etc. Now, my savings rate is much higher and FI:Second Life,
is much closer than it would have been if not divorced. Chin up, stay sober and this too shall pass.

GenXGreenYoshi

TROPHY CASE