• Corporate Bank Accounts
• Tax Free Offshore Investments
• Make best use of your cash reserves

As profits increase, many company directors choose to keep the profits within the company to strengthen the balance sheet, protect the share value of the business and possibly to secure short term borrowing.

There are several routes that company directors can go down.

Bank and Building Society Deposits.
The income from this is taxed year on year at the appropriate corporation tax rate.

Offshore Premium Life Insurance Policies and Bonds
These allow for offshore investment and can be very tax efficient. Withdrawals of up to 5% can be made per year tax free and this allowance can be rolled forward for a period of up to twenty years without a penalty.

The dilemma about what to do with cash in reserve is at the core of corporate tax and trust planning. Companies want to get a good return on their money, yet have a flexible planning system that lets them access their money when they need it.

At Forum Wealth Management, we help companies to maximise the cash they have in their reserves, whilst ensuring that they can access it at relatively short notice.