Will Gryba | NGPF
Region: GB
Friday 03 October 2025 10:48:11 GMT
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Tom's Personal Finance :
For me, it came down to the fact I don't need income greater than 50k at the moment, so I'd rather save any excess earnings in a limited company. That way, I can take it out at a lower tax rate in future years. So the ability to defer income was the selling point for me. Can't escape corporation tax of course.
2025-10-03 11:34:10
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Sunni :
50k
2025-10-07 08:38:55
0
Sean Killeen Vocals :
I’d say if you’re earning over £50k p/y it’s worth going limited. Especially if you’re planning on keeping some money in the business. The tax savings outweigh the cost of an accountant by a landslide
2025-10-03 12:04:13
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paddydenning :
Ltd company pros - control withdrawals, invest within a Ltd company (usually a seperate investment company) make pension contributions pre NI and save corporation tax, if you earn over 100k you’ll lose personal allowance but you won’t if you leave within LTD company. Cons - need to pay and account c1,000pa plus. Usually people do this when income trends towards 100K plus but it does vary. Most accountants will give u a free chat.
2025-10-03 10:53:18
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Charlie | The Tax Lass :
I may or may not be making a calculator to give you the exact answer to this 👀
2025-10-04 13:50:46
1
Sam Chapman702 :
As an accountant I'm happy to have a chat if you like. Something not mentioned here is your personal liability and implications of that.
2025-10-05 11:02:31
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ConsultKingsley | Finance :
Self assessment return is far cheaper at around £230 than an accountant who will charge you £1.2k for ltd. - happy to put you in contact with an accountant to chat that’s not crazy expensive
2025-10-03 12:02:40
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Shyam | Smart Money :
I’d suggest getting in touch with an accountant. I’m happy to help or put you in touch with someone
2025-10-03 14:46:14
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