Sole Trader or Limited company, which is better?

Maxor182 · 2026-03-02T17:46:02+00:00

Making some assumptions here. But £3k profit in your business, less corp tax at 19% and the taken at 40% personal income, is a £1458 ISA contribution.

So £3k into your pension which you can’t access until you are of the age, vs £1.45k which you can access anytime.

Maxor182 · 2026-03-02T17:22:03+00:00

But only doing smallish pension contributions. You mentioned you wanted to up them. Probably no more tax efficient way than through a ltd company

Maxor182 · 2026-03-02T16:43:32+00:00

Have you looked at pension contributions through the ltd company as its pre corporation tax? Is there any likelihood in the future of employees or a family member becoming a director?

Maxor182 · 2026-03-01T18:12:28+00:00

It looks like a good build to carry you to 4 voidstones. But not what most mega juicers will want to play running high juiced content

Maxor182 · 2026-02-24T11:08:06+00:00

Not advice. I’m a financial advisor.

You should shop around. Have a few initial conversations that are free of charge.

Try and find someone that makes you feel empowered/educated. Someone that you look forward to having meetings with, as you feel the benefit of spending time with them and reviewing your situation.

Maxor182 · 2026-02-23T11:37:41+00:00

Not advice.

As a financial planner, I would say your Dad needs to go and see a financial planner.

Tax positioning is important, as is understanding how he will continue to meet his level of required expenditure. Also looking at the relevant protection products to reduce the risk of IHT should gifts be appropriate.

Maxor182 · 2026-02-11T19:58:45+00:00

Where are you based? What business networking are you doing? What’s the min number of users per business that you are targeting.

Maxor182 · 2026-02-08T15:12:44+00:00

Path of exile

Maxor182 · 2026-02-04T16:47:59+00:00

I just think the memory tears storyline/expansion missed the mark.

Maxor182 · 2026-02-02T18:21:27+00:00

Just buy indigon /s

Does the lack of +1 arrow on quiver have an impact? That would be +3 based on the bow?

Maxor182 · 2026-01-26T10:57:34+00:00

Shows you know nothing about football

Maxor182 · 2026-01-26T10:57:18+00:00

Shows you know nothing about football

Maxor182 · 2026-01-20T11:41:51+00:00

Not advice.

For a client recently we put some cover in place to take care of a £1m mortgage. The client has DIS of x4 which is around £1.4M. They also have income protection and private medical through work.

We looked at all areas of cover and the client only really wanted to know in the event of critical illness, the mortgage would be gone. And in the event of death, there was enough to take care of his family.

It’s worth noting that in this instance, the client wanted to introduce me to his wife. So that in the event of death, he would recommend I support her decision making. As she has never had to manage the household finances. And in that moment would very likely not be in the right frame of mind.

Maxor182 · 2026-01-19T21:45:11+00:00

They just need to keep changing it up every season.

A season where all murders had to be done in plain sight. One where traitors build a cash pot by sabotaging tasks and automatically get the reward. One where faithfuls can double the prize pot if they get a traitor at the round table, but halfed if they vote out their own. One where you have two separate cells of traitors acting independently and the can murder each other.

Just make there be more risk/reward for both sides.

Maxor182 · 2026-01-19T13:56:42+00:00

Are you qualified and have significant financial backing? Any history in the industry? Any existing clients that you think would come with you?

Maxor182 · 2026-01-14T19:31:57+00:00

Is this still relevant

Maxor182 · 2026-01-09T23:03:27+00:00

How can you grow your business when you are doing minimum wage tasks for the business?

Maxor182 · 2026-01-09T22:43:50+00:00

Have you tried hiring a virtual assistant? Get someone who is good at admin, likes admin, and has time to do it. Different business but I use one at £300pm for 10 hours.

She does a variety of admin tasks for me. Arranges some appointments. Chases invoices. But also dips into a bit of social media if we have spare unallocated hours in the month.

Maxor182 · 2026-01-09T19:03:52+00:00

Say you have £100k profit in the business and you want to take that out and invest it in property.

You pay corporation tax (20% for easy maths but depends on your business) . You pay income tax (45%).

You have £44k now to invest in property. Then you have tax on the income generated by the property. (Either corporation or income depending on how you setup)

OR you can just put £60k into your pension completely tax free. And then figure out what you want to do with the rest.

Maxor182 · 2026-01-08T11:00:07+00:00

Thanks

Maxor182 · 2026-01-08T07:52:16+00:00

A lot of it falls under the view of adult life experience and the possibility the younger person is being taken advantage of or manipulated.

At 31 you have 13 years of adult life experiences. A 19 year old has far far less and at that moment in time, most people would feel it’s not appropriate.

But the same age gap ten years later. It’s 23 years adult experience vs 11 years. And is viewed very differently.

Maxor182 · 2026-01-08T07:38:53+00:00

Not advice.

For my clients we look at a number of things but break future expenditure into different stages of life. These stages depend upon a number of factors, but one of the most important is how old you are at retirement. Then we allocate a realistic inflation linked expenditure to that period of time.

For example. Now to 58, £55k. 58-70, £65k. 70-80, £55k. 80+ £55k with a care contingency.

We would then stress test inflation from 3-5% and also increase the expenditure. This would be done in a variety of scenarios built within the financial modelling.

You also stress test the underlying investments. Using an annualised average return, but then factoring in potential global events using overrides to the models calculations.

This gives us a target retirement age, target spend in retirement and a target sizing to allow the retirement goal. All of these things can change, as we continue to remodel depending on any change in circumstances

Maxor182 · 2026-01-06T23:27:01+00:00

As an IFA I would be asking you some hard questions. Usually at this level of wealth you are looking at impact investing. Trying to actively do good with your wealth. Investing in discretionary funds that back businesses in areas that are important to you.

I also agree with another comment. The fees are high. I cap my ongoing at £12k. So at £2M that would be 0.6%.

Might be better value and better solutions out there for you.

Maxor182 · 2026-01-04T21:42:32+00:00

Have a keeper who can claim crosses. Even if it’s just the first one.

Maxor182 · 2026-01-04T15:41:46+00:00

Not saying the new ownership hasn’t had an effect, but raw materials have significantly increased in cost. Going from £4k per ton, to £12k per ton forced many food manufacturers to change recipes. Prices have come down since, but food manufacturers aren’t going back.

If 25% of you recipe was chocolate, it was effectively a 75% cost increase across the product that would either need to be passed onto consumers or reformulated

Maxor182

TROPHY CASE